Charles Hoskinson, the founder of Cardano, recently critiqued a report by Blockworks and discussed the potential benefits of Donald Trump's administration for the cryptocurrency industry over Joe Biden's. In a statement, Hoskinson, reacting to a Blockworks piece that dismissed voting based solely on cryptocurrency issues as foolish, expressed his disapproval and outlined the larger role crypto could play in fostering a new social contract.
Hoskinson was clear in his opposition to the report's narrative, stressing the transformative power of cryptocurrency in ensuring government and corporate accountability. "Crypto restores our voice, financial independence, and collective humanity. Any leader opposing this is a threat," he remarked. As a staunch single-issue voter, Hoskinson views any anti-crypto stance as a severe form of oppression, stripping individuals of their autonomy, freedoms, and economic identity.
He also warned about the risks of ignoring the crypto sector's interests in political arenas, suggesting that such neglect could lead to the adoption of central bank digital currencies (CBDCs), heightened financial surveillance, and restricted social mobility. Moreover, he clarified that his critiques should not be misconstrued as an endorsement of Biden, whom he accuses of causing significant damage to the crypto industry through arbitrary regulatory actions.
Addressing his previous reluctance to mention Donald Trump by name, Hoskinson stated, "Trump? No, I’m not afraid to mention him." He described Trump as a relatively neutral president concerning cryptocurrency, one who allowed the industry to innovate and grow without much interference.
In contrast, Hoskinson portrayed Biden as a president who is actively undermining the growth of the crypto industry. He criticized Biden for serving Wells notices widely and impeding the sector's development in America. "Our industry is more than just arbitrary products; it's about building the future beyond just taxes and regulations," Hoskinson added, highlighting his concerns over recent actions by the SEC and the Biden administration.
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