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Charles Hoskinson, founder of Cardano, recently warned that voting Kamala Harris in the upcoming presidential election would be detrimental to the US crypto industry.
He criticized the Biden-Harris administration for its increasing hostility towards crypto, noting no signs of a more favorable approach.
As I have repeatedly said, the Biden-Harris Whitehouse has a war on crypto. There appears to be no reset. In fact, it appears to be even worse now. A vote for Harris is a vote against the American Crypto industry https://t.co/yRPgfx5gcK
— Charles Hoskinson (@IOHK_Charles) August 9, 2024
Charles Hoskinson’s remarks were in response to Tyler Winklevoss, who criticized the Federal Reserve’s actions against Customers Bank, a known crypto-friendly institution.
Today, the Fed confirmed that Operation Choke Point 2.0 remains in full swing, provided valuable insight into how it works, and verified that the Harris crypto “reset” is a scam. The Fed revealed all of this in a 13-page enforcement action it issued this morning against… pic.twitter.com/zhLRRWAH0E
— Tyler Winklevoss (@tyler) August 9, 2024
Winklevoss argued that the Fed’s enforcement lacked solid evidence and claimed it was a move to exert more control over the banking sector’s relationship with crypto. He suggested that if Harris wins, the approval of crypto companies by the Fed could be minimal.
Winklevoss further stated that the Fed’s current actions were mild due to the upcoming election, but anticipated more stringent measures if Harris were to win.
Previously, both Hoskinson and Winklevoss warned that voting for President Joe Biden would negatively impact the American crypto industry. With Harris now leading the campaign, her team is working to attract crypto supporters, even setting up an initiative called “Crypto for Harris.”
In contrast, Charles Hoskinson praised Robert F. Kennedy Jr., a presidential candidate and Bitcoin advocate, highlighting his integrity and support for financial freedom.
I’m looking forward to this conversation. Kennedy is one of the brightest and highest integrity candidates to run for the presidency of my generation. https://t.co/5ib6UyCRBK
— Charles Hoskinson (@IOHK_Charles) August 10, 2024
Kennedy, who has invested significantly in Bitcoin, also proposed that the US should acquire enough Bitcoin to match the value of its gold reserves, aiming to position the nation as the largest Bitcoin holder globally.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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