Crypto Criticisms
Cardano founder Charles Hoskinson is not happy with the Democratic Party’s approach to crypto. He’s specifically targeting Vice President Kamala Harris, accusing her of not being clear about her plans for the industry.
Hoskinson says the current administration has been “brutal” to crypto, cracking down on it without providing clear guidelines. He wants Harris to lay out specific policies and explain why the administration has taken the actions it has.
“Talk is Cheap”
Hoskinson is skeptical of Harris’s promises to support emerging technologies. He wants to see concrete actions, not just words. He’s asking for specific policies, legislation, and executive actions.
Republican Support vs. Democratic Ambiguity
Hoskinson points to the Republican Party’s vocal support for crypto, citing former President Trump’s pro-crypto stance. Trump has even promised to be the first “crypto president.”
This contrast with the perceived lack of support from the Democratic Party has many in the crypto community worried about the future of the industry under a potential Harris presidency.
Concerns About the Future
Alex Thorn, head of research at Galaxy Digital, has expressed concerns about Harris’s choice of advisors, many of whom are known for their anti-crypto views. He believes this could lead to a continued crackdown on the industry.
Cardano’s Price
At the time of writing, Cardano’s native token, ADA, is trading at $0.3720, up nearly 2% in the past 24 hours. The token has seen a significant price increase in the past week.
