Cardano CEO Charles Hoskinson said that the Harris administration is in a war against crypto with the SEC issuing subpoena to crypto VC firms.
Despite the ‘Crypto for Harris’ campaign and an attempt to build an image for Kamala Harris in the crypto industry, the top players seem to have no change of opinion towards the Democratic leaders. Cardano CEO Charles Hoskinson said that the Whitehouse is in a war with crypto.
Cardano’s Charles Hoskinson – No Crypto Reset With Harris
The Cardano chief said that there appears to be no “crypto reset” as portrayed by the Harris camp adding that things rather seem to be worse than they were before. Voting for the Vice President would be a vote against the American crypto industry, he added.
Hoskinson’s comments came in response to Tyler Winklevoss’ recent tweet calling out the Federal Reserve for its recent actions against the crypto-friendly banks, and adding that Operation Choke Point 2.0 was very much in place.
Besides, Tyler Winklevoss also questioned why when the Vice President hasn’t disclosed her position on crypto, the “Crypto for Harris” Group even exists. A day before the Democratic supporters from the crypto industry conducted a Zoom meeting with the White House officials slamming them for the whiplash by the US SEC and the Federal Reserve against American crypto firms..
SEC Subpoenas Three Crypto VCs
Sources familiar with the SEC investigation show that the US SEC has subpoenaed at least three crypto VCs. As per the details viewed by DL News, the subpoena was titled: “in the matter of certain crypto asset offering intermediaries”. This behavior is the exact opposite of Harris’ crypto reset plans.
“The staff of the United States Securities and Exchange Commission is conducting an investigation relating to the above-referenced matter to determine if violations of the federal securities laws may have occurred,” the page read. Speaking on the development, crypto Lawyer MetaLawMan said:
Attorney Fred Rispoli said that the SEC has a habit of subpoenaing all contracts. “Compare to Ripple’s XRP sales contracts deemed unregistered securities transactions by court. If similar, initiate lawsuit. Collect multimillion fine. Rinse & Repeat,” he wrote.
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