Crypto And Politics: Cardano Founder Says Don’t Vote This Presidential Candidate

With
the
US
presidential
elections
fast-approaching,
industries
such
as
cryptocurrency
have
been
drawn
into
the
discussion
as
to
what
it
could
mean
for
their
future.
Cardano
founder
Charles
Hoskinson
has
also
shared
his
insights
on
the
elections,
particularly
on
the
candidates,
about
what
a
victory
for
each
candidate
would
mean
for
the
crypto
industry
and
its
future.

Cardano
Founder
Does
Not
Want
President
Joe
Biden

President
Joe
Biden
is
currently
running
for
a
second
term
after
emerging
victorious
in
the
2020
presidential
elections.
However,
this
time
around,

the
46th
president
of
the
United
States
is
not
seeing
as
much
support
as
he
did
back
then.

Cardano
founder
Charles
Hoskinson
points
out
the
fact
that
the

Biden
administration
has
been
particularly
bad
for
the
crypto
industry.
In
a
broadcast
on
X
(formerly
Twitter)
on
Thursday,
he
revealed
his
disapproval
of
how
the
Biden
administration
has
approached
the
crypto
industry,
accusing
the
president
of
trying
to
hurt
the
industry
with
every
chance
he
got.

Given
this,
the
Cardano
founder
is
vehemently
against
President
Joe
Biden
taking
office
for
a
second
term.
According
to
Hoskinson,
“A
vote
for
Biden
is
a
vote
against
the
American
cryptocurrency
industry.”Hoskinson’s
comments
come
in
light
of
the
White
House
releasing
a
statement
that
said
the
incumbent
president
plans
to
disapprove
legislation
that
would
allow
the

United
States
Securities
and
Exchange
Commission
(SEC)
to
prevent
banks
from
holding
crypto.
But
it
seems
this
has
come
a
little
too
late
for

crypto
stakeholders.

While
the
Cardano
founder
does
not
outright
endorse

Former
President
Donald
Trump,
Biden’s
fiercest
rival,
he
does
admit
that
things
were
much
better
for
crypto
under
his
administration.”
The
[Trump]
administration
had
its
issues
but
mostly
ignored
our
industry,”
Hoskinson
said.
“The
Biden
administration
has
engaged
in
a
coordinated
effort
to
kill
crypto.”

Donald
Trump
Goes
To
Bat
For
Crypto

While
President
Joe
Biden
continues
to
skirt
around
the
issue
of
laying
out
support
for
crypto,
opposition

Donald
Trump
has
been
guns
out
with
his
support
for
crypto.
Earlier
this
week,
Trump

declared
his
support
of
the
crypto
industry.
The
former
president
has
called
on
all
crypto
supporters
to
vote
for
him,
saying,
“If
you’re
in
favor
of
crypto,
you
better
vote
for
Trump.”

Interestingly,
Trump’s
support
for
the
crypto
industry
did
not
just
begin.
The
presidential
candidate
has
been
involved
in
the
industry
for
a
number
of
years
now,
even

launching
multiple
non-fungible
tokens
(NFTs)
collections
called
the
“Trump
Digital
Trading
Cards.”

These
NFT
collections
were
well-received
by
crypto
investors,
generating
over
15,000
ETH
in
volume
from

OpenSea
alone,
with
almost
14,000
unique
holders.
Donald
Trump
also
holds
a
significant
amount
of
Ethereum
(ETH)
as
well
as

other
altcoins
sent
to
his
wallet
by
the
community.

ADA price starts to recover from dip | Source: ADAUSDT on Tradingview.com

Featured
image
from
CNN,
chart
from
Tradingview.com