Cardano Founder Charles Hoskinson Claims Harris Vote Risks U.S. Crypto Industry

As the 2024 U.S. presidential election approaches its final stretch, Charles Hoskinson, founder of Cardano (ADA), is raising concerns about the future of the crypto industry. His warning comes amid what he perceives as increasing hostility from the current administration.

Hoskinson recently took to social media platform X to express his concerns about the Biden-Harris administration’s approach to cryptocurrencies. He believes that despite earlier reports suggesting a potential shift in relations, the administration continues to take a hard line against the crypto industry. “In fact, it appears to be even worse now. A vote for Harris is a vote against the American Crypto industry,” Hoskinson stated.

These comments follow reports that Vice President Kamala Harris’ advisors had reached out to major crypto companies, including Circle, Coinbase, and Ripple. The outreach, reportedly part of the Harris campaign, aimed to assure the industry that the Democrats are “pro-business.” However, Hoskinson remains skeptical, viewing these moves as inconsistent with the administration’s broader actions.

Political Moves and Crypto’s Future

The timing of Hoskinson’s remarks is significant, given recent developments in the political landscape. Just days before his warning, former President Donald Trump, a Republican candidate in the 2024 election, publicly endorsed the crypto industry. Trump’s support came to light when he attended the Bitcoin2024 conference in Nashville, Tennessee.

This endorsement has added a new dimension to the ongoing debate over crypto regulation and its role in the U.S. economy. With the election drawing nearer, the contrasting positions of the political parties could have far-reaching implications for the future of digital assets in America.

Hoskinson’s warning underscores the uncertainty facing the crypto industry as political leaders continue to shape policies that could define the industry’s trajectory for years to come. As the election looms, the crypto community will be closely watching the candidates’ positions and the potential impact on their investments and operations.