Charles Hoskinson, CEO of Cardano (ADA), harshly criticized US Vice President Kamala Harris’s stance on crypto. Despite the “Crypto for Harris” campaign, Hoskinson stated that the White House is waging a war against crypto and that a “crypto reset” will not happen under Harris’s leadership.
Kamala Harris and the Cryptocurrency Industry
Hoskinson argued that efforts to change Harris’s perception of the cryptocurrency industry have failed and that the situation has worsened. According to Cardano’s leader, each vote for the Vice President is a vote against the American cryptocurrency industry.
These harsh criticisms came in response to a tweet by Tyler Winklevoss criticizing the Federal Reserve’s actions against crypto-friendly banks. Winklevoss questioned the existence of the “Crypto for Harris” group in an environment where the Vice President has not taken a clear stance on crypto.
Zoom Meeting with White House Officials
These events followed a Zoom meeting between supporters of the cryptocurrency industry within the Democratic Party and White House officials. During the meeting, the oppressive attitudes of the SEC and the Fed towards American crypto companies were strongly criticized.
Meanwhile, it was leaked to the public that the SEC has filed lawsuits against at least three crypto venture capital firms (VC). This move was interpreted as the opposite of Harris’s “reset” plans for crypto.
The SEC’s actions caused significant concern in the cryptocurrency industry, and crypto lawyer MetaLawMan stated that this indicates SEC Chairman Gary Gensler’s increasingly harsh stance against all components of the crypto industry.
Finally, lawyer Fred Rispoli highlighted the SEC’s habit of subpoenaing all contracts, noting that similar lawsuits could arise following the evaluation of Ripple’s XRP sales contracts as unregistered securities transactions, potentially resulting in millions of dollars in fines for crypto companies.
