At the Republican presidential debate in Tuscaloosa, Alabama on Wednesday night, when presidential candidate Vivek Ramaswamy was asked about his cryptocurrency policy, he said: "Scammers, criminals and terrorists have been deceiving people for a long time, and our regulations need to keep up with the current situation. In fact, what SBF did at FTX shows that the current framework does not work." Ramaswamy said: "It is embarrassing that U.S. SEC Chairman Gary Gensler can't even confirm whether Ethereum is a regulated security in front of Congress. This is another example of the administrative state going too far." (CoinDesk)

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