Charles Hoskinson Questions Crypto Policies of Trump and Harris in Recent Interviews
Charles Hoskinson, co-founder of Cardano and Ethereum, recently shared his skepticism regarding the cryptocurrency policies of former President Donald Trump and Vice President Kamala Harris in interviews with mainstream media.
In a discussion with The Financial Times, Hoskinson criticized both figures for lacking a clear vision for the U.S. crypto sector, despite Trump’s relatively progressive stance. He remarked, “I don’t see that level of quality and sophistication in the discourse,” expressing particular concern that Harris would likely perpetuate the Biden administration’s unfavorable policies toward the industry.
Hoskinson also doubted Trump’s ability to build an effective team to support crypto initiatives, referencing the former president’s history of frequent staff changes. He highlighted a generational divide within the Democratic Party, noting that while established leaders like Elizabeth Warren and President Biden are hesitant about digital assets, younger members such as Ro Khanna are more open to fair regulatory discussions. Hoskinson anticipates that the Democratic stance on crypto regulation will evolve over time.
In an interview with CNBC, Hoskinson acknowledged Trump’s pro-crypto leanings, citing the former president’s involvement in decentralized finance (DeFi) projects and his participation in crypto conferences. “Trump is certainly the favorite from a cryptocurrency perspective,” he stated, although he cautioned that Trump’s new DeFi platform, World Liberty Financial, could turn into a partisan issue, given the strong reactions it might provoke from political opponents.
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He expressed concern that such a venture could politicize a space that has traditionally been bipartisan, potentially inviting government pushback from entities like the Department of Justice or the SEC, which could harm the broader crypto industry.
Hoskinson emphasized the ongoing global adoption of cryptocurrencies, suggesting that regulatory clarity in the U.S. could significantly enhance its economy. He estimated that a well-defined regulatory framework could contribute between “$5 trillion and $10 trillion” in value over the next decade. He pointed to positive regulatory developments in regions like Singapore and Europe as examples of how other nations are progressing with crypto-friendly policies, urging the U.S. to engage in this global movement toward decentralization.
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.
