Cardano founder Charles Hoskinson criticized President Joe Biden, suggesting that the U.S. government is intentionally attempting to undermine the cryptocurrency industry within the nation. Hoskinson emphasized the government's detrimental impact on the industry, referencing various restrictions such as limited access to bank accounts and regulatory policies enforced by the Securities and Exchange Commission. Most recently, he highlighted the White House's interference in the legislative process related to cryptocurrencies. Specifically, the administration expressed opposition towards a resolution intended to reverse SEC guidelines discouraging banks from custodying digital assets. This statement came shortly after the House of Representatives approved a joint resolution to overturn a regulation known as SAB 121 which received strong opposition from the White House. Hoskinson further criticized the SEC for applying outdated laws to regulate modern asset classes, suggesting that this approach is unjustifiable. He also pointed out the favorable environment for crypto businesses in other countries like Switzerland, Singapore, and Dubai, hinting that the U.S. could have benefitted from these investments had the crypto policy been more rational. Despite some pushback on his remarks regarding the previous administration, Hoskinson maintained that the Biden government is actively seeking to suppress the crypto industry. In a previous incident, it was reported that the Biden Administration urged Congress to target the American Bitcoin mining sector, mirroring China's approach.
Title: Charles Hoskinson Accuses President Biden of Efforts to Harm Crypto Industry

by Giorgi Kostiuk
2 years ago

Other news
XPeng's Stock Receives Moderate Buy Rating from Analysts

Recent analysis from Wall Street analysts has given XPeng stock a Moderate Buy rating, with four analysts recommending buying the stock, one suggesting to hold, and one advising to sell.

Aridge Unveils New Flying Car Model A868

At an AI Day event in November 2025, XPeng's flying car division, Aridge, unveiled its new model, the A868, designed for multiple passengers and capable of traveling over 500 kilometers on a single charge.

XPeng Plans Public Listing for Flying Car Division Aridge

XPeng has engaged JPMorgan Chase and Morgan Stanley for a potential public listing of its flying car division, Aridge, in Hong Kong, with plans for the offering possibly in 2026.

US Dollar and Stocks Experience Decline Amid Trump-Powell Tensions

The S&P 500 futures have decreased by 0.5%, while the Swiss franc and Euro have gained strength amidst rising tensions between US President Donald Trump and Fed Chair Jerome Powell.

JPMorgan Chase Adjusts Fed Rate Predictions

JPMorgan Chase has revised its predictions, now expecting a rate hike instead of a cut in 2026.

Trader Turns $85 into $146,600 by Trading Im Here Tokens

A trader turned $85 into $146,600 by trading Im Here tokens, achieving a 1,720-fold return.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter