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 Hoskinson further criticized the SEC for applying outdated laws to regulate modern asset classes, suggesting that this approach is unjustifiable.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

Upcoming IPOs of Tech Giants Signal Market Transformation

chest

The upcoming IPOs of tech giants like Databricks and SpaceX are expected to transform market dynamics and influence investor interest.

user avatarMaria Fernandez

Historical Precedence of Major IPOs and Their Impact

chest

Analysis of the historical impact of major IPOs, particularly focusing on Facebook's IPO and its implications for tech companies and market dynamics.

user avatarKenji Takahashi

Signs of a Potential Reversal in Bitcoin, Ethereum, and Solana

chest

Signs of a potential high-timeframe reversal in Bitcoin, Ethereum, and Solana as they stabilize at key support levels.

user avatarGustavo Mendoza

Whale Trader Dominates Crypto Market with Long Positions

chest

A high-conviction whale trader is aggressively building long positions across the crypto market, leading the Lighter leaderboard.

user avatarRajesh Kumar

Chainflip Labs Achieves Record Swap Volume in November

chest

Chainflip Labs reported a record swap volume of over 583 million in November, marking its second-best month ever with sustained demand across BTC, ETH, and SOL routes.

user avatarMiguel Rodriguez

Chainlink Designated as Backbone for Future AI Agent Ecosystems

chest

A US patent application highlights Chainlink as the essential control layer for future AI agent ecosystems, emphasizing its role in crosschain data and computation.

user avatarArif Mukhtar

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.