In response to the latest responsible plea of former Binance CEO Changpeng “CZ” Zhao, Vivek Ramaswamy, a candidate working on a platform of lowering the SEC workforce and loosening crypto rules, has slammed present regulatory frameworks. He believes they’re ineffective and fail to cease fraudsters, criminals, and terrorists. Ramaswamy criticized SEC Chair Gary Gensler for being unable to substantiate whether or not Ethereum is a regulated safety in entrance of Congress and proposes treating most cryptocurrencies as commodities outdoors the SEC’s jurisdiction.