😱🫨Cardano Creator Says Joe Biden Is Trying to 'Kill Crypto'
A fight over a non-binding resolution passed in the US House of Representatives has turned into a broader battle, pitting the crypto industry against the Biden administration.
”The Biden administration has made a coordinated effort to kill crypto," #Cardano creator #charleshoskinson wrote on Twitter.
Yesterday, the White House said the US President. #JoeBiden ,H.J. Res., who demanded that the Securities and Exchange Commission (SEC) withdraw a staff newsletter related to digital asset retention accounting. he would veto resolution 109. The resolution won a bipartisan vote of 229-193, Decrying the Sec's views as impeding American innovation in the digital asset space.
Hoskinson declared the move only the latest in what he called "Operation Chokepoint 2.0.""
”This November, if you vote for Joe Biden as a cryptocurrency holder, please understand that the goal of this administration is to destroy the American cryptocurrency industry," he said in a Twitter livestream late Wednesday. "Understand this. It's obvious.”
The White House argued that the decision would harm the Sec's efforts to protect investors in crypto markets and protect the broader financial system. But crypto enthusiasts don't see it that way - and many believe that former president Donald Trump will be a better option in the November elections.
”The [Trump] administration has had problems, but for the most part it has ignored our industry," Hoskinson said.
"The executive is tone deaf and continues to pursue the same policy, which has cost tens of thousands if not hundreds of thousands of American jobs, as well as the loss of a trillion-dollar industry," Hoskinson said.
