- Republican presidential candidate Vivek Ramaswamy has withdrawn from the 2024 presidential race after receiving few votes in the Iowa primaries. He is now making plans to support crypto-friendly Donald Trump.
- Ramaswamy applied the letter ‘X’ to express his dissatisfaction with the support in the presidential race and primary elections, where he only secured 3 delegates.
- Donald Trump won 20 delegates with 51% support in the Iowa primaries. In contrast, Vivek Ramaswamy received only 7.7% support from voters.
Known for his support for Bitcoin and cryptocurrencies, Vivek Ramaswamy has halted his candidacy campaign to back Donald Trump.
Ramaswamy Withdraws from Presidential Race
Republican presidential candidate Vivek Ramaswamy has withdrawn from the 2024 presidential race after receiving few votes in the Iowa primaries. He is now planning to support crypto-friendly Donald Trump. Ramaswamy, after Donald Trump’s victory at the 2024 Iowa party meeting on Monday night in Des Moines, told his supporters, “As I’ve said from the beginning, there are two America First candidates in this race, and I called Donald Trump, and I told him that.”
Ramaswamy also applied the letter ‘X’ to express his dissatisfaction with the support in the presidential race and primary elections, where he only secured 3 delegates. He stated that his campaign was about “speaking the TRUTH.” Presidential candidates like Ramaswamy, who support Bitcoin, have received significant support from the crypto community.
“The public has spoken clearly and unequivocally about who is wanted. Tonight, I am suspending my campaign, and I am endorsing Donald J. Trump, and I will do everything in my power to make him the President of the United States. I am proud of my team, this movement, and our country.”
Donald Trump won 20 delegates with 51% support in the Iowa primaries. In contrast, Vivek Ramaswamy received only 7.7% support from voters. Despite Ramaswamy claiming to support Donald Trump, the biotech entrepreneur and presidential candidate faced an attack from Trump. In a social media post, Trump wrote: “A vote for Vivek is a vote for the other side.”
Vivek Ramaswamy’s Crypto and Bitcoin Support
Vivek Ramaswamy has shown strong support for cryptocurrencies, especially Bitcoin. In a recent debate, he called for significant changes in the approach to crypto regulations. He argued that the current U.S. financial system is flawed and that digital assets like Bitcoin offer a viable alternative.
Ramaswamy particularly criticized SEC Chairman Gary Gensler for not clarifying the regulatory status of cryptocurrencies like Ethereum, despite recognizing Bitcoin as a potential commodity. Previously, Elon Musk supported Vivek Ramaswamy for embracing Bitcoin donations in his presidential campaign. Charles Hoskinson, the founder of Cardano, also supported Ramaswamy for the crypto rights bill. However, crypto enthusiasts perceive Trump as more crypto-friendly; even Majority Deputy Whip Tom Emmer of the House of Representatives said Trump would be more crypto-friendly in his second term.
