The upcoming US presidential elections have sparked discussions across various industries, including cryptocurrency. Charles Hoskinson, the founder of Cardano, has shared his views on the candidates and what their victory could mean for the crypto sector and its future.
Charles Hoskinson Opposes President Joe Biden
President Joe Biden is seeking a second term, but his current campaign lacks the same level of support as his previous run. Hoskinson criticizes the Biden administration’s unfavorable stance towards the crypto industry. He expressed his disapproval during a broadcast on X (formerly Twitter), accusing Biden of intentionally damaging the industry.
Hoskinson strongly opposes President Biden’s re-election, stating that supporting Biden would be detrimental to the American cryptocurrency sector. His remarks follow a White House statement indicating Biden’s intention to hinder legislation that could prevent banks from holding cryptocurrency, a move that has unsettled crypto stakeholders.
While Hoskinson does not explicitly endorse Donald Trump, Biden’s main rival, he acknowledges that the crypto industry thrived more under Trump’s administration. Despite Trump’s flaws, Hoskinson notes that the previous administration largely overlooked the industry, in contrast to the current administration’s opposition to crypto.
Donald Trump’s Favorable Stance on Crypto
In contrast to Biden’s ambiguous stance, former President Trump has shown robust support for the crypto industry. Trump recently declared his backing for crypto and urged supporters of the industry to vote for him, emphasizing his alignment with crypto interests.
Trump’s advocacy for crypto is not new, as he has been involved in the industry for years and even launched successful non-fungible tokens (NFTs) collections known as the “Trump Digital Trading Cards.” These NFTs gained significant traction among crypto investors, with substantial trading volume on OpenSea and a large number of unique holders.
