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 Hoskinson further criticized the SEC for applying outdated laws to regulate modern asset classes, suggesting that this approach is unjustifiable.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
Potential Integration of Ondo's Yield Products into RippleNet

Barron outlines a scenario where Ondo's yield products could be integrated into RippleNet, benefiting banks with unused balances.

DXC Technology Partners with Ripple to Integrate Blockchain Solutions

DXC Technology has partnered with Ripple to integrate blockchain solutions into its banking infrastructure, enhancing digital asset capabilities for banks.

Technical Analysis Indicates Strong Bullish Momentum for LINEA

Technical indicators suggest that LINEA is in a strong bullish phase, although short-term exhaustion signs are appearing.

LINEA Achieves Significant Bullish Breakout

LINEA has confirmed a powerful bullish breakout above long-term resistance, indicating a continuation of the upward trend into 2026.

The Role of Crypto Licenses in Ensuring Safe Gambling

Crypto licenses are essential for verifying operator identity and ensuring responsible gambling practices.

Delayed Inflation Data Influences Financial Sentiment

The delayed release of inflation data showed a 2.7% increase, significantly influencing financial sentiment.

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