Former President Donald Trump has reportedly ruled out Bitcoin advocate Vivek Ramaswamy as his vice-presidential candidate, instead eyeing him for a potential Cabinet role. This decision comes as Trump is seeking a running mate who can provide a significant advantage in his race against President Joe Biden, without craving the limelight.
Ramaswamy, a strong supporter of Bitcoin and a critic of Central Bank Digital Currencies (CBDCs), is known for his public speaking skills. Trump personally informed Ramaswamy that he is not being considered for the vice-presidential slot, but roles such as Homeland Security secretary are on the table. Other individuals impressing Trump for potential Cabinet roles include North Dakota Governor Doug Burgum, Representative Elise Stefanik, and former US Trade Representative Robert Lighthizer.
Ramaswamy, a biotech entrepreneur, announced his campaign for the presidency in the 2024 election and was viewed as a potential candidate that could defeat Trump in the primary. In January 2024, it was reported that Trump was getting closer to securing the GOP nomination, with Ramaswamy among the potential vice-presidential picks.
One of the reasons why Ramaswamy may have been considered for a Cabinet role is his vocal concerns regarding CBDCs. He fears that a digital dollar would grant the government excessive power to target dissenting individuals by freezing their assets. Ramaswamy has expressed his concerns to Trump, emphasizing the potential harms of CBDCs.
Overall, the decision to rule out Ramaswamy as a vice-presidential candidate and consider him for a potential Cabinet role reflects Trump’s strategic approach to building his team for the upcoming election. It will be interesting to see how Ramaswamy’s stance on Bitcoin and CBDCs influences his role in Trump’s potential Cabinet.
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