Charles Hoskinson says voting for Kamala Harris is a threat to the US crypto sector

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Charles Hoskinson, the founder of Cardano, has warned that voting for Kamala Harris in the upcoming presidential election is voting against the interests of the US crypto industry. He believes that the Biden-Harris administration's perceived hostility towards cryptocurrencies is intensifying, with no signs of improvement or a “reset” in its approach.

“As I have said repeatedly, the Biden-Harris White House has a war on crypto. There doesn’t seem to be a reset coming. In fact, it now looks like it’s even worse. A vote for Harris is a vote against the American crypto industry,” Hoskinson said. saying in a recent post on X.

Hoskinson's statement was a response to Tyler Winklevoss's. Critical remarks against a recent move by the Federal Reserve (Fed) against Customers Bank, the main subsidiary of Customers Bancorp and a well-known crypto-friendly bank.

Winklevoss said the Federal Reserve's enforcement action against Customers Bank lacked concrete evidence to support alleged deficiencies in risk management and compliance with anti-money laundering (AML) regulations.

He added that the 30-day advance notice requirement for new banking relationships with cryptocurrencies as a result of the case was a veiled attempt to increase control over the banking industry, particularly in its relationship with the cryptocurrency sector.

Winklevoss added that while Customers Bank may get approval from the Federal Reserve to deal with crypto companies, it is unclear whether the central bank will release the numbers to the public. According to him, if Harris wins, the number of crypto companies that are approved could be close to zero, if not zero.

“And make no mistake, this coercive measure is the Fed’s way of playing nice with Nerf guns. It’s just the table setting. Not even the appetizer. The Fed is on its best behavior right now because the election is right around the corner. If Harris wins in November, the gloves will come off,” he said.

When President Joe Biden was still in the 2024 race, Winklevoss and Hoskinson warned that voting for Biden would harm the US crypto industry.

Now that Biden's torch has passed to Harris, his campaign team is stepping up its efforts to counter Donald Trump's growing appeal among cryptocurrency supporters. Trump has presented himself as a “pro-crypto” candidate, repeatedly expressing his support for Bitcoin and the cryptocurrency industry.

Earlier this week, it was reported that Democrats created a new initiative called “Crypto for Harris” to secure support from crypto voters and bolster Harris' campaign. Several reports in recent weeks also indicated that Harris' team reached out to cryptocurrency companies in an attempt to “reboot” Their relationship with the industry.

A praise for Kennedy

In a separate statement, Hoskinson expressed his support for Robert F. Kennedy Jr., the US presidential candidate who will join him in a firechat at the Rare Evo blockchain event next Saturday.

“Kennedy is one of the most brilliant and highest-integrity candidates to run for president in my generation,” he said. saying.

Kennedy is a strong proponent of Bitcoin and firmly believes in its role in Promoting financial freedom and transactional freedom. He previously revealed that he had invested around $250 billion in Bitcoin.

In addition to his investment, Kennedy also proposed a plan for the United States to acquire enough bitcoins to match the value of the country's gold reserves, which amount to about 9.4 million BTC. He believes this would position the United States as the largest holder of bitcoins in the world.

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