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U.S. President #JoeBiden is making targeted efforts to destroy the cryptocurrency industry in the country, #Charles Hoskinson, co-founder of #Cardano, has stated. 📝

👉 According to the expert, over the past few years, the U.S. government has been consistently detrimental to startups.

He cited restrictions on access to bank accounts and SEC policies, which have been compounded by "obstacles" in the legislative process.

"Voting for Biden is a vote against the American cryptocurrency industry"

👉 Hoskinson commented.👈

👉These remarks followed a statement from the White House administration indicating the president's readiness to veto a bill aimed at repealing SEC guidelines that prevent banks from providing digital asset custody services.🌟

🔊 #Hoskinson also criticized the Commission for using outdated standards, which "should not apply to new, evolving asset classes."

"The Securities #exchange Act was passed in 1933, and to say it is adequate to regulate cryptocurrencies that emerged 90 years later is absurd."
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