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 Hoskinson further criticized the SEC for applying outdated laws to regulate modern asset classes, suggesting that this approach is unjustifiable.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
Ethereum Holds Key Support as Market Volatility Persists

Ethereum remains stable above the $3,000 mark, showing controlled support despite intraday price swings.

Cryptocurrency Market Shows Mixed Performance on November 30, 2025

The cryptocurrency market experienced mixed results on November 30, 2025, with Bitcoin rising slightly while Ethereum and Dogecoin saw declines.

JP Morgan Increases Bitcoin Exposure as Prices Surpass 90,500

JP Morgan has significantly increased its holdings in BlackRock's IBIT Bitcoin ETF, coinciding with Bitcoin's rise above 90,500.

Terminal Finance Closes Due to Converge Chain Delay

Terminal Finance has announced its closure due to the delayed mainnet launch of the Converge chain, ensuring user funds remain unaffected.

XMR Price Shows Steady Recovery as Buyers Defend Key Support Levels

Monero (XMR) shows a stable recovery as buyers defend key support levels around 406-408, indicating controlled volatility and potential for further price increases.

Tom Lee Adjusts Bitcoin Forecast

Analyst Tom Lee revises his Bitcoin price prediction amid ongoing market struggles.

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