Biden

Bitcoin

Joe Biden

<a href="https://bitcoinworld.co.in/cardano-founder-warns-against-voting-for-kamala-harris-due-to-crypto-policies/" title="Cardano Founder Warns Against Voting For Kamala Harris Due To Crypto Policies" rel="noopener noreferrer nofollow"></a>
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 <a href="https://x.com/IOHK_Charles/status/1822035833379287466" rel="noopener noreferrer nofollow">criticized </a>the Biden-Harris administration for its increasing hostility towards crypto, noting no signs of a more favorable approach.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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 <a href="https://t.co/yRPgfx5gcK" rel="noopener noreferrer nofollow">https://t.co/yRPgfx5gcK</a>
 — Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1822035833379287466?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Charles Hoskinson’s remarks were in response to Tyler Winklevoss, <a href="https://x.com/tyler/status/1821721465039024547" rel="noopener noreferrer nofollow">who</a> criticized the Federal Reserve’s actions against Customers Bank, a known crypto-friendly institution.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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… <a href="https://t.co/zhLRRWAH0E" rel="noopener noreferrer nofollow">pic.twitter.com/zhLRRWAH0E</a>
 — Tyler Winklevoss (@tyler) <a href="https://twitter.com/tyler/status/1821721465039024547?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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 <a href="https://x.com/IOHK_Charles/status/1822072777995632842" rel="noopener noreferrer nofollow">praised</a> Robert F. Kennedy Jr., a presidential candidate and Bitcoin advocate, highlighting his integrity and support for financial freedom.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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. <a href="https://t.co/5ib6UyCRBK" rel="noopener noreferrer nofollow">https://t.co/5ib6UyCRBK</a>
 — Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1822072777995632842?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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.

Cardano Founder Warns Against Voting For Kamala Harris Due To Crypto Policies

ItsBitcoinWorld

Other articles published on Aug 11, 2024

SHIB Prediction for August 11

Top NFT Collections by Sales This Week: DMarket Surges Ahead

Bittensor (TAO) Price Aims a Breakout: What’s Coming Next?

Bitcoin’s Progress Towards Bull Run Phase is Only 42.3% Complete, Explosive New BTC ATHs Expected

Morgan Stanley's plan to offer Bitcoin ETFs to clients could lead to increased regulatory scrutiny

Top DeFi Platforms in Digital Finance: dYdX, Lido, MakerDAO, Aave and Uniswap

Join our free newsletter for daily crypto updates!