Cardano (ADA) founder Charles Hoskinson is warning the crypto industry as the 2024 US presidential election enters its final three months.
Hoskinson says on 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 Cardano’s founder, the Biden-Harris administration does not appear to have reset relations with the crypto industry, despite reports to the contrary.
“In fact, it seems 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’ advisers had contacted America’s leading crypto companies, such as stablecoin issuer Circle, digital asset exchange Coinbase and payments company Ripple.
According to the report, the Harris campaign wanted to make it clear to the crypto industry that Democrats are “pro-business.”
The Harris campaign made the overture after Republican presidential candidate Donald Trump expressed support for the crypto industry. Trump attended the Bitcoin2024 conference in Nashville, Tennessee last month.
Last week, a Zoom meeting hosted by Congressman Ro Khanna, intended to make a rapprochement with crypto industry executives and help improve Harris’ chances of winning the election, revealed the deep rifts between the emerging space and the Biden administration.
“Executives did not hesitate to tell government representatives how much damage they have caused to the crypto industry and to the Democratic Party with their actions against digital assets. They were basically just yelled at.”
The Zoom meeting was attended by US Deputy Treasury Secretary Wally Adeyemo, Deputy Director of the National Economic Council Lael Brainard and White House Deputy Chief of Staff Bruce Reed, among others.
The crypto industry was represented by executives from Coinbase, Kraken, Ripple, and other lesser-known companies. Pro-crypto billionaire Mark Cuban and hedge fund manager Anthony Scaramucci also attended the meeting.
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