Charles Hoskinson, the founder of Cardano, discusses the challenges faced by the cryptocurrency industry due to regulatory and political issues. He criticizes the current US administration for its anti-crypto stance and urges crypto enthusiasts to oppose parties with similar views in the upcoming presidential elections.
Call to “Vote Crypto”
Hoskinson expressed concerns in a YouTube video about President Joe Biden’s anti-crypto policies, particularly his support for the SEC’s strict accounting rules on crypto assets. He believes these policies hinder the growth of the industry in the US, contrasting it with countries like China and Europe that have more supportive regulations.
He warned against supporting Biden in the elections, highlighting the detrimental impact of the administration’s actions on the US cryptocurrency market. Hoskinson emphasizes the need for crypto supporters to stand up against policies that impede the industry’s progress.
He further mentions the potential repercussions of the administration’s actions, including stifled economic growth, increased debts, and limited financial opportunities for Americans. Hoskinson calls on people to “vote crypto” as a way to support the industry and oppose anti-crypto policies.
The Influence of Crypto Users in Elections
Hoskinson points out that there are over 50 million cryptocurrency users in the US whose votes could sway the election outcome. He warns that electing a president with anti-crypto views could harm the industry and undermine the decentralization that cryptocurrencies stand for.
With a significant portion of the US adult population being crypto users, their collective vote could impact the election results. Candidates like Donald Trump and Robert F. Kennedy, who support crypto, are in the running for the presidency, offering potential alternatives to the current administration’s stance.
