Cardano founder Charles Hoskinson is sounding the alarm for the crypto industry as the 2024 US presidential election heats up. He claims the Biden-Harris administration is still hostile towards crypto, despite recent reports suggesting a change in attitude.
“A Vote for Harris is a Vote Against the American Crypto Industry,” Hoskinson warns on social media.
This comes after reports that Harris’ team reached out to major crypto companies like Circle, Coinbase, and Ripple, trying to show the Democrats are “pro-business.” This outreach was likely a response to Republican candidate Donald Trump’s vocal support for the crypto industry, including his attendance at the Bitcoin2024 conference.
However, a recent Zoom meeting between crypto executives and the Biden administration revealed a huge disconnect.
Crypto Execs Lash Out at Biden Administration
During the meeting, crypto leaders didn’t hold back, criticizing the administration for its harmful policies towards digital assets. They blamed the administration for damaging both the crypto industry and the Democrat Party.
The meeting was attended by top officials from the Treasury Department, National Economic Council, and White House, as well as crypto executives from Coinbase, Kraken, Ripple, and other companies. Even prominent crypto supporters like Mark Cuban and Anthony Scaramucci were present.
The meeting’s tense atmosphere highlights the deep divide between the crypto world and the current administration.
Hoskinson’s warning serves as a reminder that the 2024 election could have major implications for the future of the crypto industry in the US. It remains to be seen whether the Biden-Harris administration will truly embrace crypto or continue its current path.
/p>
