Cardano

Biden

Joe Biden

Donald Trump

MAGA

<p>Cardano founder Charles Hoskinson said US President Joe Biden and his administration aim to kill the American cryptocurrency industry.</p>
<p>“If you vote for Joe Biden as a cryptocurrency holder, please understand that the intent of this administration is to destroy the American cryptocurrency industry,” Hoskinson said in a video posted on X on May 8. “A vote for Biden is a vote against the American cryptocurrency industry.”</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Biden and Crypto <a href="https://t.co/P06encxBEv" rel="noopener noreferrer nofollow">https://t.co/P06encxBEv</a></p>
 <p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1788294144181543383?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a></p>
</blockquote>
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<h2 id="charles-hoskinson-says-white-house-is-obstructing-legislative-process">Charles Hoskinson Says White House Is Obstructing Legislative Process</h2>
<p>The Cardano creator has accused the White House of obstructing the legislative process after <a href="https://t.co/7tepm7SJgL" target="_blank" rel="noopener noreferrer nofollow">saying</a> it will <a href="https://insidebitcoins.com/news/us-president-joe-biden-vows-to-veto-resolution-against-sec-crypto-policy" target="_blank" rel="noopener noreferrer nofollow">veto a resolution</a> mandating the US Securities and Exchange Commission (SEC) to change an accounting framework on digital asset custody.</p>
<p>The bill’s proponents said the SEC’s framework hindered innovation in the US digital asset space. The White House says passing this resolution will affect the ability of the SEC to protect investors.</p>
<p>Hoskinson says this latest move is part of a “coordinated effort to kill crypto” by the White House, noting that jurisdictions like Dubai, Singapore, and Switzerland are rolling out the red carpet to welcome crypto businesses</p>
<h2 id="trump-woos-the-crypto-community">Trump Woos The Crypto Community</h2>
<p>As Biden irks the crypto community, his rival in the upcoming elections, Donald Trump, has been wooing crypto voters.</p>
<p>While speaking at an event for Trump non-fungible token (NFT) holders earlier this week, the former US President accused Biden of being against the crypto industry. He said that, unlike Biden, he was not opposed to cryptocurrencies.</p>
<p>“I’m fine with it. I want to make sure it’s good and solid and everything else,” Trump said. “If you are in favor of crypto, you better vote for Trump.”</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">i asked donald trump how he’s going to keep crypto businesses in america.</p>
 <p>sounds bullish 🇺🇸 <a href="https://t.co/rvuztPmQ8P" rel="noopener noreferrer nofollow">pic.twitter.com/rvuztPmQ8P</a></p>
 <p>— Malcolm (33.3%) (@macdegods) <a href="https://twitter.com/macdegods/status/1788363913634914481?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 9, 2024</a></p>
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<p>Trump also <a href="https://insidebitcoins.com/news/former-us-president-donald-trump-says-his-campaign-accepts-crypto-donations" target="_blank" rel="noopener noreferrer nofollow">said</a> he would make it possible for supporters to donate to his campaign using cryptocurrencies. Hoskinson believes Trump is a better choice for president, saying that while his previous administration had shortcomings, it mostly ignored the crypto industry.</p>
<h3 id="also-read">Also Read:</h3>
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 <li><a href="https://insidebitcoins.com/news/trump-talks-about-crypto-nfts-his-series-2-nfts-jump-2500-in-daily-sales" rel="noopener noreferrer nofollow">Trump Talks About Crypto &amp; NFTs – His Series 2 NFTs Jump 2500% In Daily Sales</a></li>
 <li><a href="https://insidebitcoins.com/news/cardano-price-prediction-as-ada-jumps-4-and-a-crypto-analyst-says-this-2-0-meme-coin-might-1000x" rel="noopener noreferrer nofollow">Cardano Price Prediction As ADA Jumps 4% And A Crypto Analyst Says This 2.0 Meme Coin Might 1000X</a></li>
 <li><a href="https://insidebitcoins.com/news/maga-price-soars-39-as-donald-trump-campaign-accepts-crypto-and-analysts-says-this-might-be-the-next-crypto-to-explode" rel="noopener noreferrer nofollow">MAGA Price Soars 39% As Donald Trump Campaign Accepts Crypto And Analysts Says This Might Be The Next Crypto To Explode</a></li>
</ul>

Cardano Founder Charles Hoskinson Accuses Joe Biden Administration Of ”Coordinated Effort To Kill Crypto”

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Inside Bitcoins

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