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Charles Hoskinson has raised concerns about claims that the U.S. Agency for International Development (USAID) is providing financial support for producing negative content about Bitcoin 
$87,425. Critics argue that a government-affiliated organization is endorsing controversial views on digital technologies. In recent developments, Grayscale submitted an ETF application for ADA Coin.
Grayscale’s ETF Application for ADA Coin
Grayscale submitted an ETF application for ADA Coin just a few minutes ago. There are currently 33 ongoing ETF applications for various altcoins, including DOGE, HBAR, and LTC. Many of these applications are expected to conclude in November, with the SEC set to announce its final decisions. The increase in ETF applications is buoyed by psychological support from the new SEC administration. Mark and Hester believe that 99% of altcoins are not securities and maintain a much more moderate stance on cryptocurrencies, in contrast to Gensler.
Objections to USAID Funding
It has been noted that a publication supported by USAID associates Bitcoin with right-wing extremism. The publication, released by the University of Minnesota Press, has a writer who previously described Bitcoin as an extremist movement.
Charles Hoskinson: “It seems that USAID is funding propaganda that claims Bitcoin is right-wing extremism. I can no longer tolerate this nonsense.”
This funding debate also arises amidst uncertainties within USAID’s internal management. Following budget freezes imposed by the Trump administration, personnel were granted leave. French Hill, Chairman of the House Financial Services Committee, stated that investigations into USAID’s expenditures and financial operations are ongoing.
Bitcoin Market and Regulatory Landscape
Despite global economic uncertainties, the Bitcoin market appears stable, with prices hovering above $97,000. Furthermore, Trump’s media firm’s trademark application for digital investment products highlights potential changes in regulatory approaches. Some experts anticipate a more inclusive regulatory process, prompting a reassessment of the financial world’s stance toward digital technologies.
Moving forward, updates on how digital assets and related policies will evolve may be closely monitored. These developments could provide guidance for those interested in the future of technology and investment.
