Charles Hoskinson, CEO of Cardano, has criticized the Kamala Harris administration for its anti-cryptocurrency stance, saying that supporting the Vice President could be seen as anti-industry. While the “Crypto for Harris” campaign has sought to build a positive image for Harris in the crypto community, many key figures in the space have not changed their views on the current administration.
Hoskinson claimed that there was no sign of a “crypto reset” as described by Harris’ campaign, and that the situation appeared to be worse than before. He suggested that voting for Kamala Harris could be an act of protest against the US crypto industry.
Hoskinson's comments come after Tyler Winklevoss criticized the Federal Reserve for its recent actions against crypto-friendly banks and announced Operation Block 2.0. Winklevoss also questioned the existence of the "Crypto for Harris" campaign while the Vice President has not publicly stated his stance on cryptocurrencies.
Additionally, the SEC recently subpoenaed at least three crypto venture capitalists as part of its investigation into “certain intermediaries that provide crypto assets.” This seems to go against Harris’ efforts to improve the situation for the crypto industry.
Cryptocurrency lawyer Fred Rispoli said that the SEC often subpoenas contracts involving cryptocurrencies, and if transactions similar to Ripple’s do not comply with securities laws, there could be lawsuits and large fines.
Latest information:
SEC Update: The SEC continues to expand its investigation into cryptocurrency companies, and has recently increased its oversight and sanctions activities in the sector.
'Crypto for Harris' Campaign: While the campaign is working to change attitudes, the current administration's moves continue to cause concern for investors and businesses in the crypto industry.
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