Charles Hoskinson, founder of Cardano, strongly criticized the Biden administration, accusing it of deliberately sabotaging the American cryptocurrency industry. In a video on May 9, Hoskinson didn't hold back, slamming the government for what he sees as systematic efforts to stifle crypto innovation. He particularly pointed out the SEC's restrictive regulations and the White House's opposition to legislative proposals aiming to overturn these rules. Hoskinson compared the US approach unfavorably to countries like Switzerland, Singapore, and Dubai, which have embraced crypto innovation.
