Cardano (ADA) founder Charles Hoskinson is issuing a warning to the crypto industry as the 2024 US presidential election enters the final three months.
Hoskinson says on the social media platform X that the administration of President Joe Biden and Vice President Kamala Harris continues to wage war on the crypto industry.
According to the Cardano founder, the Biden-Harris administration appears not to have reset relations with the crypto industry despite reports to the contrary.
“In fact, it appears to be even worse now. A vote for Harris is a vote against the American Crypto industry.”
The Cardano founder’s warning comes days after reports emerged that Harris’ advisors had reached out to America’s leading crypto businesses such as stablecoin issuer Circle, digital asset exchange Coinbase and payments firm Ripple.
According to the report, the Harris campaign wanted to convey to the crypto industry that the Democrats are “pro-business.”
The Harris campaign made the overtures after Republican presidential candidate Donald Trump expressed his support for the crypto industry. Trump attended the Bitcoin2024 conference in Nashville, Tennessee last month.
Last week, a Zoom meeting arranged by Congressman Ro Khanna meant to seek rapprochement with crypto industry executives and help improve Harris’ odds of winning the election revealed the deep fissures between the nascent space and the Biden administration.
“Executives didn’t hold back on telling the administration reps how much damage they’ve done to the crypto industry and to the Democrat Party with their actions against digital assets. They basically just got yelled at.”
The Zoom meeting was attended by, among others, Deputy U.S. Treasury Secretary Wally Adeyemo, Deputy Director of the National Economic Council Lael Brainard and White House Deputy Chief of Staff Bruce Reed.
The crypto industry was represented by executives from Coinbase, Kraken, Ripple and other lesser-known firms. Pro-crypto billionaire Mark Cuban and hedge fund manager Anthony Scaramucci also attended the meeting.
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