With the US presidential election approaching, the cryptocurrency industry has been buzzing with speculation about how the outcome could impact its future.
Cardano Founder’s Concerns about President Biden
Cardano founder Charles Hoskinson has expressed strong disapproval of President Biden’s approach to the crypto industry. He believes the Biden administration has actively tried to harm the industry, citing the White House’s recent statement opposing legislation that would protect crypto in banks.
Hoskinson urges voters to reject Biden’s reelection bid, stating, “A vote for Biden is a vote against the American cryptocurrency industry.”
Trump’s Support for Crypto
In contrast, former President Donald Trump has been vocal in his support of crypto. He has encouraged crypto enthusiasts to vote for him, saying, “If you’re in favor of crypto, you better vote for Trump.”
Trump has been involved in the crypto industry for several years and has even launched his own NFT collections. He also holds a significant amount of Ethereum and other altcoins.
Hoskinson’s Views on Trump
While Hoskinson does not explicitly endorse Trump, he acknowledges that the crypto industry fared better under Trump’s administration. He says, “The [Trump] administration had its issues but mostly ignored our industry.”
Hoskinson’s comments highlight the growing divide between the crypto industry and the Biden administration. It remains to be seen how the election outcome will shape the future of cryptocurrency in the United States.
