As a long-time crypto investor and tech enthusiast, I find myself increasingly concerned about the current administration’s approach to the digital asset industry. Charles Hoskinson’s criticisms of Vice President Kamala Harris echo my own sentiments. I too am eager for tangible policy proposals and actions that support and nurture our rapidly evolving crypto ecosystem.
On various social media platforms, Charles Hoskinson, the creator of the Cardano (ADA) blockchain network, has offered strong criticism towards the Democratic Party’s approach to the cryptocurrency sector, specifically targeting the actions and what he perceives as the motives of Vice President Kamala Harris.
Hoskinson’s criticism stems from a perceived lack of clear, tangible support for the crypto ecosystem from the current administration, which he believes has instead pursued a “brutal” crackdown on the industry.
The creator of Cardano is advocating for clear policy suggestions and insights about the government’s strategy on overseeing cryptocurrencies, directly addressed to Vice President Harris.
Cardano Founder Skeptical Of Harris’ Crypto Promises
In one of his recent posts, Hoskinson expressed doubt in response to comments made by Brian Nelson, a policy advisor to Vice President Harris, who declared that the vice president would back policies promoting advancements in new technologies. Yet, Hoskinson requested clarification on the details of these proposed policies.
1. Instead of discussing policies or proposals, let’s focus on concrete matters: Is Gary going to be dismissed? Which bills are you backing in Congress? What executive orders are you planning to issue? Since you hold the presidency, why haven’t you modified the policy immediately? I must admit, there is absolutely no trust without tangible actions. We require definite, actionable steps.
According to the Cardano founder, he continued to criticize the government’s past actions, arguing that they had been harshly mistreating the industry for three years. He pointed out their use of unclear policies, emphasizing the industry’s need for practical strategies instead of just empty talk. Hoskinson went on to say:
As a long-time crypto enthusiast who has closely followed the industry for over three years, I find it hard to believe that Kamala Harris, with her history of antagonistic actions towards cryptocurrency, will suddenly become its advocate. Her past actions, such as fueling confusion, hindering legislation, and labeling everyone from miners to exchanges as criminals, have left a lasting impression.
Trump’s Pro-Crypto Stance Clashes With Harris’ Ambiguity
Hoskinson’s criticisms go against the Republican Party’s stronger endorsements towards the crypto industry. Previously, former President Donald Trump, who has promised to be the first “crypto president,” has shown support for using Bitcoin to reduce the nation’s debt and even suggested dismissing the SEC chairman on his very first day in office.
As an analyst, I find it striking how the Republican Party’s unequivocal backing stands in sharp relief against what appears to be less explicit support from the Democratic party and Vice President Harris. This perceived discrepancy has sparked increasing apprehension within the crypto community about the potential impact of a possible Harris presidency on our industry’s future.
If elected president, Kamala Harris could potentially lead to a bumpy ride for cryptocurrencies, according to Galaxy Digital’s Head of Research, Alex Thorn. His analysis suggests that Harris’ selection of advisors, who are known for their negative views towards cryptocurrency, may indicate continued scrutiny or restrictions on the industry.
Currently, as I’m typing this, ADA, the native token of Cardano, is being traded at approximately $0.3720, marking an increase of around 2% over the last day. Remarkably, in just the last seven days, ADA has experienced a nearly 10% surge in price.
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2024-08-23 07:12