The Ohio Republican candidate holds a stake in a digital asset manager and received donations from many in the industry, but has avoided making crypto a central campaign issue.
Two years ago, then-presidential candidate Vivek Ramaswamy couldn’t stop praising the virtues of cryptocurrency.
Running to be the 2024 Republican nominee in the race for the White House, Ramaswamy sprinkled his stump speeches with praise for Bitcoin (BTC) and token mining operations while strongly standing against central bank digital currencies.
Now, presidential candidate Ramaswamy is running to be the next governor of Ohio. And while he isn’t exactly distancing himself from positions on digital assets, he isn’t putting them at the forefront of his campaign despite substantial exposure to crypto investments and the Buckeye state’s interests.
In his 2024 presidential run, Ramaswamy was frequently issuing statements in opposition to central bank digital currencies (CBDCs), praising Bitcoin (BTC) and its mining operations and often attending industry events as a keynote speaker.
After Donald Trump won the presidential race, he tapped Ramaswamy to lead the Department of Government Efficiency, or DOGE, alongside Elon Musk. Ramaswamy left having never officially been a part of the administration.
Before announcing a run for the Ohio governor’s office in February 2025, he posted in support of the Ohio Strategic Cryptocurrency Reserve Act, a state bill that would allow the creation of a strategic Bitcoin reserve. In September 2025, Strive, the asset manager that he co-founded in 2022, announced plans to enter the digital asset market with a Bitcoin Bond ETF, focused on bonds issued by companies acquiring BTC.
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