Cardano

Charles Hoskinson, a prominent figure in the blockchain industry and founder of <a href="https://coingape.com/cardano-price-ada-nears-breakout-for-0-7-ahead-chang-upgrade/" target="_blank" rel="noopener noreferrer nofollow">Cardano </a>(ADA), has expressed concerns about the current U.S. administration’s approach to cryptocurrency. He argues that the upcoming elections present a critical opportunity for the cryptocurrency community to use their votes strategically to steer policy.
<h2 id="strong-charles-hoskinson-blasts-biden-s-crypto-regulatory-approach-strong">Charles Hoskinson Blasts Biden’s Crypto Regulatory Approach</h2>
<a href="https://coingape.com/cardanos-charles-hoskinson-ex-ripple-alum-offer-fiery-critique-on-bidens-dementia/" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson</a> has been outspoken about the detrimental effects of <a href="https://coingape.com/trump-vs-biden-mark-cuban-and-chatgpt-predicts-best-pick-for-president/" target="_blank" rel="noopener noreferrer nofollow">President Joe Biden</a>‘s policies on the cryptocurrency sector. He highlights the administration’s support for the Securities and Exchange Commission’s (SEC) aggressive regulatory tactics, which he terms “regulation by enforcement.” Charles Hoskinson says this approach has stifled innovation and contributed to significant job losses within the burgeoning trillion-dollar industry.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Charles Hoskinson advises that US voters must vote wisely if they want a better future. The blockchain debate has spilled over into politics.<a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> <a href="https://t.co/L17dtazfXZ" rel="noopener noreferrer nofollow">pic.twitter.com/L17dtazfXZ</a>
 — Cardanians (CRDN) (@Cardanians_io) <a href="https://twitter.com/Cardanians_io/status/1807730870809485337?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Moreover, he is critical of the lack of a Democratic primary, suggesting it could have exposed what he perceives as Biden’s declining competence. Hoskinson’s critique extends to a broader disappointment with the media’s portrayal of the situation, which he feels fails to hold the administration accountable for these perceived missteps.
Read also: <a href="https://coingape.com/what-does-the-us-marshals-service-gain-from-partnering-with-coinbase/" target="_blank" rel="noopener noreferrer nofollow">What Does the US Marshals Service Gain from Partnering with Coinbase</a>
<h2 id="strong-crypto-leaders-seek-more-favorable-regulations-strong">Crypto Leaders Seek More Favorable Regulations</h2>
Other key players in the blockchain arena, including Messari CEO Ryan Selkis and the <a href="https://coingape.com/winklevoss-brothers-trump-bitcoin-campaign-donation-returned-here-why/" target="_blank" rel="noopener noreferrer nofollow">Winklevoss twins</a>, support Hoskinson’s viewpoint and are dissatisfied with the current regulatory environment. Similarly, CEOs from major companies like <a href="https://coingape.com/vaneck-names-coinbase-additional-custodian-for-hodl-bitcoin-etf/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> and <a href="https://coingape.com/ripple-vs-sec-judge-torres-doctrine-stands-xrp-secondary-sales-are-not-securities/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP)</a> have transformed the crypto lobby into a significant political force, illustrating the industry’s growing readiness to influence policy directly.
Additionally, <a href="https://coingape.com/anthony-scaramucci-and-peter-schiff-spar-over-bitcoin-as-inflation-hedge/" target="_blank" rel="noopener noreferrer nofollow">Anthony Scaramucci,</a> a well-known figure in the investment and crypto sectors, offered only a tepid endorsement of Biden, preferring this to the unpredictability of former President Trump’s administration. These leaders and Hoskinson are pushing for more favorable regulatory conditions for the cryptocurrency industry to thrive.
<h2 id="strong-crypto-policies-key-in-upcoming-elections-strong">Crypto Policies Key in Upcoming Elections</h2>
In response to these ongoing challenges, Charles Hoskinson urges the crypto community to become single-issue voters focusing on cryptocurrency policy in the upcoming elections. This strategy aims to shift the political landscape to support the technological and economic advancements that blockchain technology can offer better.
Earlier criticisms from Charles Hoskinson include a strong rebuke of a memo circulated among Democrat Committee members, poised to influence a significant hearing on digital asset regulation. This instance, among others, fuels his campaign to encourage critical consideration of crypto policies among U.S. voters.
Also Read: <a href="https://coingape.com/hashdex-combined-bitcoin-and-ethereum-etf-acknowledged-by-us-sec/#:~:text=The%20Commission%20released%20a%20filing,Decision%20clock%20starts%20ticking." target="_blank" rel="noopener noreferrer nofollow">Hashdex Combined Bitcoin and Ethereum ETF Acknowledged By US SEC</a>
The post <a href="https://coingape.com/cardano-founder-calls-for-crypto-focus-in-u-s-election-voting/" rel="noopener noreferrer nofollow">Cardano Founder Calls for Crypto Focus in U.S. Election Voting</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Cardano Founder Calls for Crypto Focus in U.S. Election Voting

Table of Contents

Coingape News Media

Other articles published on Jul 1, 2024

Bitcoin reaches $63k as miner selling pressure declines

Bitcoin Exchange Binance Added 11 New Altcoins to Its Radar! Here is the Full List!

Trending Meme Coins To Invest In Today, Monday, July 1 – Mogutou, AMC, Popcat, Base Dawgz

KAS and Raboo Outperforms Solana, But Why Are Raboo’s Utilities Whipping Up A Frenzy?

Metahero announces the launch of its phone application to create customized web3 avatars

PLYR Gaming Blockchain officially launches

Join our free newsletter for daily crypto updates!