• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Title: Charles Hoskinson Accuses President Biden of Efforts to Harm Crypto Industry

user avatar

by Giorgi Kostiuk

2 years ago


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 Hoskinson further criticized the SEC for applying outdated laws to regulate modern asset classes, suggesting that this approach is unjustifiable.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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

HSBC and Anchorpoint Confirm No Stablecoin Launch Yet

chest

HSBC and Anchorpoint have confirmed that they have not launched any stablecoins, despite receiving licenses from the HKMA.

user avatarMaria Gutierrez

Strategy's Bitcoin Accumulation Could Surpass Satoshi Nakamoto

chest

Strategy, led by Michael Saylor, is on track to become the largest single holder of Bitcoin, potentially surpassing Satoshi Nakamoto within two years.

user avatarAndrew Smith

HKMA Issues Warning on Fraudulent Stablecoins Linked to HSBC and Anchorpoint

chest

The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent stablecoins falsely claiming to be issued by licensed issuers HSBC and Anchorpoint.

user avatarDavid Robinson

Surge in Social Media Sentiment for Bitcoin Price Predictions

chest

Recent data indicates a significant increase in social media discussions predicting Bitcoin prices, particularly a bullish sentiment towards $90,000.

user avatarZainab Kamara

Bitcoin Social Volume Indicates Shift Towards Bullish Sentiment

chest

The social media sentiment around Bitcoin has recently flipped, with bullish calls for $90,000 overtaking bearish predictions.

user avatarJacob Williams

Cardano Sees Major Adoption Milestones in Q1 2026

chest

In Q1 2026, Cardano achieved significant adoption milestones with the launch of USDCx and interoperability advancements through LayerZero's integration.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.