Hoskinson said that the crypto community has a crucial chance to strategically influence policy.
The Winklevoss twins and Messari CEO share Hoskinson’s dissatisfaction.
Cardano (ADA) co-founder Charles Hoskinson has voiced his disapproval of the current US administration’s stance on cryptocurrencies. He says that the crypto community has a crucial chance to strategically influence policy with their votes in the next elections.
The negative impact of President Joe Biden’s policies on the crypto sector has been vocalized by Charles Hoskinson. In what he calls “regulation by enforcement,” he emphasizes the government’s backing of the SEC’s tough regulatory strategies.
Moreover, the strategy has hindered innovation and triggered substantial job losses in the booming trillion-dollar sector, according to Charles Hoskinson.
Eyeing Favorable Regulatory Circumstances
He goes even further by saying that a Democratic primary would have shown Biden’s deteriorating competency, which he finds unacceptable. Hoskinson goes on to say that he isn’t happy with how the media has covered the story. Because it doesn’t do enough to make the government pay for their mistakes.
Furthermore, the Winklevoss twins and Messari CEO Ryan Selkis are among the prominent figures in the blockchain space who share Hoskinson’s dissatisfaction with the present regulatory climate and who endorse his position. Also, the increasing willingness of the crypto sector to actively impact policy is shown by the fact that CEOs from prominent businesses like Coinbase and Ripple (XRP) have elevated the crypto lobby to the status of a formidable political force.
Along with Hoskinson, these prominent figures are advocating for the crypto sector to be granted more favorable regulatory circumstances in order to flourish. The upcoming election results will largely influence how the crypto sector flourishes in the U.S.
Highlighted Crypto News Today:
Circle Becomes First EU-Approved Stablecoin Issuer Under MiCA