Charles Hoskinson says voting for Kamala Harris is a threat to US crypto sector
The post Charles Hoskinson says voting for Kamala Harris is a threat to US crypto sector appeared on BitcoinEthereumNews.com. Key Takeaways Hoskinson and Winklevoss criticized the Biden-Harris administration’s actions against the crypto industry, warning that a Harris presidency could further harm the sector. The Democrats reportedly launched a new campaign to win support from crypto voters and strengthen Harris’s campaign. Charles Hoskinson, the founder of Cardano, warned that voting for Kamala Harris in the upcoming presidential election is voting against the interests of the US crypto industry. He believes the Biden-Harris administration’s perceived hostility toward cryptocurrency is intensifying, with no signs of improvement or a “reset” in their approach. “As I have repeatedly said, the Biden-Harris Whitehouse has a war on crypto. There appears to be no reset. In fact, it appears to be even worse now. A vote for Harris is a vote against the American Crypto industry,” Hoskinson said in a recent post on X. Hoskinson’s statement was a response to Tyler Winklevoss’ critical remarks against a recent move by the Federal Reserve (Fed) against Customers Bank, the principal subsidiary of Customers Bancorp and a known crypto-friendly bank. Winklevoss asserted the Fed’s enforcement action against Customers Bank lacked concrete evidence supporting the claimed deficiencies in risk management and compliance with anti-money laundering (AML) regulations. He added that the 30-day advance notice requirement for new crypto banking relationships as an outcome of the case was a veiled attempt to increase control over the banking industry, particularly in its relationship with the crypto sector. Winklevoss added that even though Customers Bank can get the Fed’s approval to bank crypto companies, it is unclear whether the central bank will disclose the numbers to the public. According to him, if Harris wins, the number of crypto companies that are approved could be next to zero, if not zero. “And make no mistake, this enforcement action is the Fed playing nice with…
The post Charles Hoskinson says voting for Kamala Harris is a threat to US crypto sector appeared on BitcoinEthereumNews.com.
Key Takeaways Hoskinson and Winklevoss criticized the Biden-Harris administration’s actions against the crypto industry, warning that a Harris presidency could further harm the sector. The Democrats reportedly launched a new campaign to win support from crypto voters and strengthen Harris’s campaign. Charles Hoskinson, the founder of Cardano, warned that voting for Kamala Harris in the upcoming presidential election is voting against the interests of the US crypto industry. He believes the Biden-Harris administration’s perceived hostility toward cryptocurrency is intensifying, with no signs of improvement or a “reset” in their approach. “As I have repeatedly said, the Biden-Harris Whitehouse has a war on crypto. There appears to be no reset. In fact, it appears to be even worse now. A vote for Harris is a vote against the American Crypto industry,” Hoskinson said in a recent post on X. Hoskinson’s statement was a response to Tyler Winklevoss’ critical remarks against a recent move by the Federal Reserve (Fed) against Customers Bank, the principal subsidiary of Customers Bancorp and a known crypto-friendly bank. Winklevoss asserted the Fed’s enforcement action against Customers Bank lacked concrete evidence supporting the claimed deficiencies in risk management and compliance with anti-money laundering (AML) regulations. He added that the 30-day advance notice requirement for new crypto banking relationships as an outcome of the case was a veiled attempt to increase control over the banking industry, particularly in its relationship with the crypto sector. Winklevoss added that even though Customers Bank can get the Fed’s approval to bank crypto companies, it is unclear whether the central bank will disclose the numbers to the public. According to him, if Harris wins, the number of crypto companies that are approved could be next to zero, if not zero. “And make no mistake, this enforcement action is the Fed playing nice with…
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