Trump Hints at Ramaswamy's Role in Administration, Advocates for Cryptocurrency Support

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In the political arena, Donald Trump recently hinted at including Vivek Ramaswamy in his administration. At a rally in Pennsylvania, Trump praised Ramaswamy, who is a strong advocate for cryptocurrency. He suggested that Ramaswamy could play a significant role if he wins the election.

Trump described Ramaswamy as “smart as hell” and mentioned that he initially thought competing with him would be easy. However, he found it to be quite the opposite. Ramaswamy has unique insights that others may not possess.

Current odds from Polymarket show that Ramaswamy has an 11% chance of replacing J.D. Vance as Ohio’s U.S. senator. This indicates he is considered a long shot in the upcoming election. Meanwhile, Trump’s odds of winning the presidential election stand at 54%, while Kamala Harris’s odds are at 45%.

Ramaswamy recently encouraged American voters to support Trump, claiming he can restore law and order, defeat the so-called "deep state," combat inflation, and revive national identity. Earlier this year, Ramaswamy dropped out of the GOP presidential race and endorsed Trump.

In November 2023, Ramaswamy outlined a plan to protect the cryptocurrency industry. He stated that most cryptocurrencies are commodities that fall outside the SEC's regulatory scope. He emphasized the need for clearer guidance from regulators.

Looking ahead, the role of Bitcoin as an institutional asset class will be discussed at Benzinga’s Future of Digital Assets event on November 19. This event will provide valuable insights into the evolving landscape of digital assets.