{"id":403,"date":"2024-08-23T04:00:59","date_gmt":"2024-08-23T04:00:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=403"},"modified":"2024-08-23T04:00:59","modified_gmt":"2024-08-23T04:00:59","slug":"cardano-founder-challenges-vp-harris-to-address-brutal-abuse-of-crypto-before-2024-vote","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=403","title":{"rendered":"Cardano Founder Challenges VP Harris To Address \u2018Brutal Abuse\u2019 Of Crypto Before 2024 Vote"},"content":{"rendered":"

In a series of scathing social media posts, Charles Hoskinson<\/a>, the founder of the Cardano (ADA) blockchain, has sharply criticized the Democratic Party\u2019s stance on the crypto industry, particularly the actions and perceived intentions of Vice President Kamala Harris.<\/p>\n

Hoskinson\u2019s criticism stems from a perceived lack of clear, tangible support for the crypto ecosystem from the current administration, which he believes has instead pursued a \u201cbrutal\u201d crackdown on the industry.\u00a0<\/p>\n

The Cardano founder calls for specific policy proposals and explanations from VP Harris regarding the administration\u2019s approach to regulating digital assets.<\/p>\n

Cardano Founder Skeptical Of Harris\u2019 Crypto Promises<\/h2>\n

In one of his posts, Hoskinson reacted to comments made by Brian Nelson, a policy advisor to VP Harris, who stated <\/a>that the vice president will support policies that ensure emerging technologies. However, Hoskinson\u2019s response <\/a>was skeptical, demanding to know the specifics of these policies:<\/p>\n

No specific policy or proposal. Just talk. Will gary be fired? What legislation do you support? What executive actions will be issued? Why haven\u2019t you changed the policy RIGHT NOW since you\u2019re president. I\u2019m sorry there is ZERO trust. We need specific, tangible actions.<\/p>\n

The Cardano founder further criticized the administration\u2019s past actions, stating <\/a>that after 3 years of \u201cbrutally abusing\u201d the industry, pushing anti-clarity, highlighting the industry\u2019s thirst for actionable strategies over mere rhetoric. Hoskinson further stated:<\/p>\n

So after 3+ years of brutally abusing the industry, pushing anti-clarity, preventing legislation from passing, and declaring everyone from the protocols to the exchanges criminals, somehow Harris will magically wake up and become pro-crypto? Don\u2019t even need to fire Gary\u2026 Force Harris to state specific policies BEFORE the election. Have her explain why the Biden administration did what it did to us. Who will get fired? We are owed an explanation.<\/p>\n

Trump\u2019s Pro-Crypto Stance Clashes With Harris\u2019 Ambiguity<\/h2>\n

Hoskinson\u2019s criticisms contradict the Republican Party\u2019s more vocal support <\/a>for the cryptocurrency industry. Former President Donald Trump, who has pledged to become the first \u201ccrypto president,\u201d expressed his support for using Bitcoin to pay down the country\u2019s debt and even called for the firing <\/a>of the SEC chairman on day one of his administration.<\/p>\n

This clear endorsement from the Republican Party starkly contrasts the perceived lack of support from the Democratic party and VP Harris, which has led to growing concerns within the crypto community about the industry\u2019s future under a potential Harris presidency.<\/p>\n

Galaxy Digital\u2019s Head of Research, Alex Thorn, sounded an alarm, forecasting a rocky road for crypto if Harris assumes the presidency. Thorn\u2019s analysis <\/a>pointed to Harris\u2019 choice of advisors, including figures known for their anti-crypto sentiments, as harbingers of a continued crackdown on the industry.<\/p>\n

At the time of writing, ADA, Cardano\u2019s native token, is trading at $0.3720, up nearly 2% in the past 24 hours. Cardano has seen a nearly 10% price uptrend in the past week alone.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

In a series of scathing social media posts, Charles Hoskinson, the founder of the Cardano (ADA) blockchain, has sharply criticized the Democratic Party\u2019s stance on the crypto industry, particularly the actions and perceived intentions of Vice President Kamala Harris. Hoskinson\u2019s criticism stems from a perceived lack of clear, tangible support for the crypto ecosystem from […]<\/p>\n","protected":false},"author":0,"featured_media":404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/403"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=403"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/404"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}