Cardano's Hoskinson Calls for Crypto Unity Against Chokepoint 2.0
December 1, 2024
Charles Hoskinson, founder of Cardano, has called for unity within the cryptocurrency industry, urging a move away from past rivalries.
His message comes amid the fallout from Operation Chuck Point 2.0, a global initiative targeting cryptocurrency companies with aggressive account cancellation measures.
Hoskinson Calls for Crypto Cooperation Against Chuckpoint 2.0
In a Nov. 30 post on X (formerly Twitter), Hoskinson publicly addressed his past criticism of systems like Bitcoin, XRP, and Solana, acknowledging the need for reconciliation. He encouraged the Cardano community to move beyond past conflicts and animosities, emphasizing the importance of resetting relationships across the crypto space.
“One suggestion I have for all of us in the Cardano community is to let go of past comments and opinions and embrace a complete reset of all systems,” Hoskinson said.
Hoskinson noted that while Cardano has often been overlooked by influencers from competing systems, many are now re-evaluating its potential. He said this shift creates an opportunity for meaningful dialogue and collective action. As such, he called on the community to abandon tribalism, which he described as a major obstacle to mainstream adoption and long-term growth for the industry.
Looking to 2025, Hoskinson laid out a vision for unity and progress. He believes the industry has a limited window to transform crypto into a mainstream financial asset and increase market valuation. He emphasized that this goal requires a united front to overcome internal divisions and seize emerging opportunities.
“2025 is about unity and progress. We have a window to make crypto mainstream and grow our markets to tens of trillions of dollars in value, thus entering every home and government alike. We cannot allow petty tribalism to waste this opportunity,” Hoskinson concluded.
Meanwhile, Hoskinson’s call for unity comes as the industry grapples with Operation Chuck Point 2.0. The operation, which uses tactics such as audits, fines and bank account cancellations, has forced financial institutions to cut ties with crypto companies for fear of regulatory repercussions.
The Cardano founder confirmed that the impact of the operation was global, causing economic and emotional damage to cryptocurrency companies around the world.
“The global fallout from Chokepoint 2.0. A lot of people put their heads in the sand for political reasons, saying it’s not as bad as the industry made it out to be. It’s worse and it’s global. A lot of companies have been harassed, fined, audited, and deplatformed,” he said.
Indeed, Hoskinson’s remarks highlight the need to build solidarity within the crypto ecosystem. By focusing on common goals and overcoming internal divisions, he believes the industry can overcome external challenges and drive broader adoption across the globe.
