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Cardano’s founder Charles Hoskinson responded to Ethereum co-founder Vitalik Buterin’s criticism regarding political involvement in the cryptocurrency space. Early in the morning, Hoskinson refuted Buterin’s stance against political voting based on cryptocurrency support in a post on X. Hoskinson stated that while the goal is always to minimize government intervention in cryptocurrency, it is not always possible.
The Necessity of Political Participation
Hoskinson acknowledged that it is not always possible to minimize government intervention in cryptocurrency. In such cases, he emphasized that the available options become clear. He argued that voters should respond appropriately to authorities’ efforts to over-regulate the cryptocurrency sector. According to him, supporting candidates in favor of cryptocurrency is a critical step to protect the future of the sector.
Hoskinson’s criticisms extended to the current situation under the Biden administration. He claimed that voting for Biden means endorsing policies that would lead to the collapse of the cryptocurrency industry in the U.S. This statement reflected his belief that the current regulatory trajectory under the Biden administration poses a significant threat to the development and sustainability of cryptocurrencies in the United States.
A Call to the Cryptocurrency Community
Hoskinson called on the cryptocurrency community to recognize the importance of political support for the sector. According to him, political candidates who understand and advocate for the benefits of cryptocurrency should receive votes from those who support the sector. This approach is crucial to counteract the negative effects of excessive legal regulation on cryptocurrencies. Hoskinson argued that this strategy is critical to protecting the sector.
Hoskinson’s words indicate a broader discussion within the cryptocurrency community about the role of politics in the sector. While prominent figures like Buterin advocate for separating cryptocurrency from political connections, others like Hoskinson see political participation as a necessary strategy to protect the sector’s interests. This exchange of ideas between two leading figures in the cryptocurrency world clearly illustrates the complexity of managing the relationship between cryptocurrencies and government regulations.
