Cardano Founder Warns Against Voting for Kamala Harris Due to Crypto Policies

Charles Hoskinson, founder of Cardano, recently warned that supporting Kamala Harris in the upcoming presidential election would be detrimental to the US crypto industry.

He criticized the Biden-Harris administration for its increasing hostility towards cryptocurrency, noting no signs of a more favorable approach.

Hoskinson’s remarks were in response to Tyler Winklevoss, who criticized the Federal Reserve’s actions against Customers Bank, a known crypto-friendly institution.

Winklevoss argued that the Fed’s enforcement lacked solid evidence and claimed it was a move to exert more control over the banking sector’s relationship with crypto. He suggested that if Harris wins, the approval of crypto companies by the Fed could be minimal.

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Winklevoss further stated that the Fed’s current actions were mild due to the upcoming election, but anticipated more stringent measures if Harris were to win.

Previously, both Hoskinson and Winklevoss warned that voting for President Joe Biden would negatively impact the American crypto industry. With Harris now leading the campaign, her team is working to attract crypto supporters, even setting up an initiative called “Crypto for Harris.”

In contrast, Hoskinson praised Robert F. Kennedy Jr., a presidential candidate and Bitcoin advocate, highlighting his integrity and support for financial freedom. Kennedy, who has invested significantly in Bitcoin, also proposed that the US should acquire enough Bitcoin to match the value of its gold reserves, aiming to position the nation as the largest Bitcoin holder globally.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.