Cardano founder criticizes Biden's crypto policy and calls on voters to pay attention to cryptocurrencies

Cardano founder Charles Hoskinson urged American voters to prioritize cryptocurrency in the upcoming election and criticized Biden’s policies.
In a video posted on Cardanians.io, Cardano founder Charles Hoskinson addressed the American public. He urged voters to consider the future of cryptocurrency when they cast their ballots in the next election.
Hoskinson stressed the importance of blockchain technology in shaping the U.S. economic, political and social systems. He warned that a Biden presidency could mean the end of the cryptocurrency industry in the United States.
Hoskinson criticizes Biden administration's cryptocurrency policy
That same day, Hawkinson published an article in X criticizing the media's response to President Biden's performance. He pointed to the lack of a Democratic primary, which he said could highlight Biden's decline.
Hawkinson questioned why the public tolerated the current situation, highlighting the need for real options. He singled out the Biden administration as harmful to the cryptocurrency industry and cited the president’s promise to veto a bill aimed at limiting the SEC’s crackdown on cryptocurrencies.
Industry response to SEC action
Recall that Hoskinson criticized President Biden’s stance on SEC regulatory actions in May, according to an article by crypto expert Andrew Griffith at the time. He claimed that the White House aims to “destroy the American cryptocurrency industry.”
According to Hawkinson, the SEC's "enforcement-based" approach led to massive job losses and the decline of a trillion-dollar industry.
According to Griffith, blockchain leaders including Messari CEO Ryan Selkis and the Winklevoss brothers have also expressed these concerns. Meanwhile, the Coinbase and Ripple CEOs have transformed crypto lobbying into a significant political force.
Additionally, Anthony Scaramucci, a prominent supporter from the cryptocurrency industry, expressed lukewarm support for Biden, contrasting his criticism of Trump’s unpredictable leadership style.
In a previous report from The Crypto Basic, a memo passed by Democratic committee members ahead of a key hearing on digital asset regulation caused significant controversy. Charles Hawkinson strongly criticized the memo and urged American citizens to consider the issue as a single-issue voter in the upcoming election.
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