🚨 Democrats’ DeFi Plan: A Kill Switch for Crypto? 🚨

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Cardano’s Charles Hoskinson, the man who’s seen more blockchain forks than a Thanksgiving dinner, has finally weighed in on Senate Democrats’ DeFi proposal. Spoiler alert: he’s not here to bake them a pie. 🥧💥

In a YouTube livestream that was equal parts TED Talk and roast session, Hoskinson dissected the proposal like a surgeon with a grudge. And let’s just say, the Democrats didn’t walk away with a clean bill of health. 🩺😬

Hoskinson: Treasury’s Blacklist is the New “You’re Either With Us or Against Us” 🎯

With the gravitas of a man who’s co-founded not one, but two major blockchains, Hoskinson didn’t hold back. He called out the proposal for giving the Treasury the power to blacklist DeFi protocols faster than you can say “centralization.” 📛💨

“No judge, no jury, no appeals process,” he quipped. “It’s like they’re playing God, but with fewer miracles and more red tape.” 🧐✨

The founder Cardano and co-founder of Ethereum, Charles Hoskinson, eviscerates Democrats for their anti-cryptocurrency stance and overall hypocrisy on major issues within the United States.

He asks, “What do you stand for?”

– Planet Of Memes (@PlanetOfMemes) October 10, 2025

Hoskinson also pointed out that under this proposal, the Treasury could decide what’s “decentralized” with all the transparency of a black box. “Basically, they have a kill switch,” he said. “And anything they don’t like? Instantly dead. It’s like DeFi’s version of *The Hunger Games*.” ⚡💀

“Basically, they have kill switch and anything they don’t like instantly dead,” he said.

And let’s not forget the developers, who, according to Hoskinson, would be treated like criminals just for building DeFi applications. “Next thing you know, they’ll be arresting people for coding in their pajamas,” he joked. “Good luck finding a developer who doesn’t work in pajamas.” 👩‍💻👖

Democrats: The Party of “We Stand for Nothing Except Maybe Centralization” 🏛️💨

But Hoskinson didn’t stop at DeFi. Oh no, he went full Sedaris on the Democratic Party, delivering a takedown so scathing it could peel paint. 🖌️💥

“It has everything to do with, ‘let’s maximize power, centralize an entire industry, and give an uncaring and unaccountable government absolute power over everything,’ he said, adding, “I don’t know why people vote for Democrats… They’re the most morally bankrupt people. The Democrats stand for nothing. They stand for big institutions, that’s it.”

He then called out their alleged hypocrisy, pointing out that the “little guy” they claim to support is the same person using DeFi. “The little guy is the DeFi user, the NFT buyer, the meme coin enthusiast,” he said. “Not Chase, not Goldman Sachs, not Google, and definitely not Pfizer.” 🧑‍🚀🚀

“The little guy is the DeFi user. The little guy is the person who downloads a browser wallet or a mobile wallet and buy an NFT or participates in a meme coin. The little guy is who built crypto- it’s not Chase, it’s not Goldman Sachs, it’s not Google, it’s not Pfizer,” he said.

Hoskinson warned that if the U.S. kills its crypto industry, it’ll be handing a $10 trillion opportunity to global competitors. “And then we’ll all be sitting here wondering why we’re paying for our coffee in yuan,” he quipped. ☕🇨🇳

He ended his livestream with a call to action that was equal parts fiery and funny. “Write your senators,” he urged. “Let them know there are consequences. We can’t lose this fight, unless you want to start calling Bitcoin ‘FreedomCoin Classic.’” ✍️📧

“Let’s get this market structure bill as written now. It’s a good draft; it was bipartisan in the House, we can make it bipartisan in the Senate. Don’t allow a small cabal of Democrat senators destroy the entire process. Let your voices be heard, let them know there’s consequences to this come 2026… We can’t lose this fight.”

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2025-10-11 02:23