The US crypto industry is engaged in an intense battle against the White House, with tensions reaching a boiling point over the Biden administration’s relentless push for onerous regulations and crackdowns on digital assets. According to Charles Hoskinson, the founder of Cardano, this anti-crypto stance may very well cost US President Joe Biden another term in office. Related Reading: Solana Blasts Past Resistance: Buckle Up For $330 Breakout – Analyst In a scathing rebuke, Hoskinson accused the administration of harboring a “systematic effort to hurt the crypto industry,” citing numerous policy meetings, private dinners, and open letters where the community has tried in vain to foster understanding. Despite these attempts at engagement, he argues, regulators remain steadfast in their campaign against the sector. “53 million Americans, regardless of their politics and preferences, are being painted as soft criminals,” Hoskinson laments, warning that this hostile environment has already landed some of his industry peers, including Binance’s former CEO Changpeng Zhao, in jail. The Elizabeth Warren Factor Hoskinson has singled out Sen. Elizabeth Warren as the driving force behind the adm ..
Support the originator by clicking the read the rest link below.
