Cardano Founder: Biden is Trying to Kill Crypto

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Charles Hoskinson, the founder of Cardano, has strongly criticized United States President Joe Biden for his actions that appear to be targeted at harming the crypto industry in the country.

In a video posted on May 9, Hoskinson expressed his belief that the Biden administration is actively trying to destroy the American cryptocurrency industry.

He highlighted various ways in which the US government has hindered the growth of the crypto industry in recent years, including limited access to bank accounts, the SEC’s approach of regulating through enforcement, and the recent obstruction of the legislative process by the White House.

Hoskinson also stated that a vote for President Biden is essentially a vote against the American cryptocurrency industry.

His comments came after the White House released a statement indicating that Biden would veto any legislation seeking to overturn SEC guidelines discouraging banks from holding crypto assets.