Cardano Founder Weighs In On US Elections — Which Candidate Is Best For Crypto?
The post Cardano Founder Weighs In On US Elections — Which Candidate Is Best For Crypto? appeared on BitcoinEthereumNews.com.
From a crypto perspective, Cardano founder Charles Hoskinson suggests that former US President and Republican presidential candidate Donald Trump is better suited to win the US presidential election as he has shown more support for the US crypto industry than Vice President Kamala Harris has. Hoskinson Favors Trump For His Support Of Crypto Industry At the recently concluded TOKEN2049 conference in Singapore, Hoskinson was particularly vocal about his support for the Trump administration. In a CNBC interview on Friday, September 20, he said, “Any presidential candidate who actively participates in crypto-related conferences or initiates decentralized finance (DeFi) projects is likely to be more supportive of the industry than someone who appointed SEC Chair Gary Gensler.” This comment follows Trump’s pledge at a July Bitcoin Conference to advocate for favorable crypto regulations and his promise to dismiss Gensler on his first day as president. In contrast, Hoskinson has been particularly critical of the Biden-Harris administration, which he believes has taken a hostile stance towards the crypto industry. He went so far as to assert that voting for Kamala Harris would threaten the US cryptocurrency sector. This sentiment is echoed by the numerous enforcement actions initiated by the SEC under Gensler’s leadership against major crypto businesses such as Ripple, Binance, and Coinbase. Since attending the Bitcoin Conference, Trump has demonstrated his support for the industry on various occasions, including launching a DeFi project called World Liberty Financial and using Bitcoin to purchase cheeseburgers for his supporters. When asked whether Trump’s support for crypto is opportunistic, given his family’s involvement in the sector, Hoskinson acknowledged that all politicians, including the former president, exhibit “some degree of opportunism.” Total crypto market cap currently at $2.1 trillion. Chart: TradingView In an interview with the Financial Times on Friday, September 20, Hoskinson also expressed reservations about…
Filed under: News - @ September 22, 2024 1:39 am