Republican presidential candidate Vivek Ramaswamy has unveiled a crypto policy framework called “The Three Freedoms of Crypto.” Ramaswamy promises to focus on prosecuting bad actors rather than the code they use or the developers who write that code. He also pledges to provide regulatory clarity and exemptions from securities laws for new cryptocurrencies. Additionally, Ramaswamy aims to prevent federal agencies from creating rules that restrict the use of self-hosted wallets. Meanwhile, the Australian Taxation Office (ATO) has clarified its intent to continue taxing Australians on capital gains when wrapping and unwrapping tokens. The ATO considers the transfer of crypto assets to an address that the sender does not control or that already holds a balance as a taxable event. In South Korea, the Democratic Party has made it mandatory for prospective candidates to disclose their digital asset holdings before the 2024 general election. The party aims to demonstrate the high moral standards of its candidates and will cancel the candidature of anyone found to have provided false reports. The information on candidates will be made public on a separate online platform.

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Information	Details
Geography	North America
Countries	🇺🇸 🇺🇸 🇦🇺
Sentiment	neutral
Relevance Score	1
People	Vivek Ramaswamy
Companies	Consensys, New York State Department of Financial Services (NYDFS), Democratic Party of Korea, Australian Taxation Office (ATO), Tornado Cash, Chainalysis
Currencies	None
Securities	None