Cardano Founder Warns of Biden-Harris Administration’s Ongoing Hostility Toward Crypto
Charles Hoskinson, the founder of Cardano (ADA), is warning the crypto community about ongoing challenges as the 2024 U.S. presidential election approaches its final stretch.
Hoskinson has voiced concerns, claiming that the Biden-Harris administration continues to be hostile towards the cryptocurrency sector. Despite some reports suggesting improved relations, Hoskinson argues that the situation has actually worsened, stating, “A vote for Harris is a vote against the American crypto industry.”
This warning follows recent reports that Kamala Harris’s team reached out to major crypto players, including stablecoin issuer Circle, digital asset exchange Coinbase, and payments firm Ripple. The Harris campaign aimed to reassure the crypto sector of their support for business interests.
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The outreach came after Republican candidate Donald Trump voiced his support for the crypto industry at the Bitcoin2024 conference in Nashville last month.
A recent Zoom meeting organized by Congressman Ro Khanna aimed to mend ties between the Biden administration and crypto executives but highlighted significant tensions. Participants, including Deputy U.S. Treasury Secretary Wally Adeyemo, National Economic Council Deputy Director Lael Brainard, and White House Deputy Chief of Staff Bruce Reed, faced criticism from crypto industry leaders and prominent figures like Mark Cuban and Anthony Scaramucci for their handling of digital asset issues.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
