Bitrabo Editorial
Charles Hoskinson, the creator of Cardano (ADA) blockchain, has publicly criticized Vice President Kamala Harris and the Democratic Party for their perceived harsh treatment of the cryptocurrency industry. Hoskinson is calling for more concrete support and policy clarity from the current administration.
He challenges VP Harris to provide specific policy proposals and explanations regarding their regulatory stance on digital assets.
Hoskinson Questions Harris’s Commitment to Crypto
Hoskinson expressed doubt over comments made by a policy advisor to VP Harris, questioning the sincerity of the administration’s promises to support emerging technologies without providing detailed policies or actions. He demands transparency and actionable strategies over rhetoric.
The Cardano founder also criticized the administration’s past actions, accusing them of mistreating the industry and hindering its growth. He urges Harris to clarify her stance on crypto and explain the Biden administration’s previous decisions that affected the industry.
Contrast Between Trump’s and Harris’s Views on Crypto
Hoskinson’s critiques highlight the differing approaches of the Republican and Democratic Parties towards cryptocurrencies. While former President Trump openly supported crypto, VP Harris’s ambiguity has raised concerns within the crypto community about the industry’s future under a potential Harris presidency.
Analysts predict a challenging path for crypto if Harris becomes president, citing her advisors who are known for their anti-crypto views as indicators of potential further crackdowns on the industry.
As of now, Cardano’s native token ADA is trading at $0.3720, showing a nearly 2% increase in the last 24 hours and an overall upward trend of almost 10% in the past week.
Image source: DALL-E, chart source: TradingView.com