Bitrabo Editorial
In a recent video, Charles Hoskinson, the founder of Cardano, encouraged US voters to prioritize crypto in the upcoming elections, emphasizing the importance of blockchain technology in the country’s economy and society. Hoskinson expressed concerns about the impact of President Joe Biden’s policies on the American cryptocurrency industry.
He criticized the Biden administration for its lack of transparency in decision-making and called for alternative leadership options to be considered. Hoskinson stressed the need for voters to make informed choices for a better future.
Criticisms of the SEC’s Enforcement Approach
Hoskinson criticized the Securities and Exchange Commission’s strategy of “regulation by enforcement,” blaming it for job losses and hindering the growth of a trillion-dollar industry. He accused the Biden administration of intentionally harming the American cryptocurrency sector, positioning the upcoming election as a crucial moment for its future.
Comparing the US regulatory environment to countries like Singapore and Switzerland, known for their crypto-friendly policies, Hoskinson highlighted the missed opportunities for US-based companies due to regulatory challenges.
Industry Leaders Speak Out
Other key figures in the crypto industry, such as Ryan Selkis and the Winklevoss twins, share Hoskinson’s dissatisfaction with the current regulatory landscape. These voices are turning the crypto lobby into a significant political force that aims to influence policy decisions directly.
The upcoming elections present a pivotal moment for the American crypto sector, with voters urged to consider the long-term implications of their choices on the nation’s economic and technological future. The debate on crypto regulation is gaining importance in political discussions.
Featured image from The White House, chart from TradingView