Cardano (ADA) founder <a href="https://www.cryptoknowmics.com/news/charles-hoskinson-bitcoin-is-the-result-of-five-decades-of-innovation/" target="_blank" rel="noopener">Charles Hoskinson</a> has issued a warning to the crypto industry as the 2024 U.S. presidential election nears its final stretch. In a recent statement on the social media platform X, Hoskinson criticized the Biden-Harris administration, asserting that it continues to "wage war on the crypto industry."

Hoskinson argued that despite reports suggesting an attempt to reset relations with the crypto sector, the current administration's stance appears to have worsened. "A vote for Harris is a vote against the American Crypto industry," he cautioned.
<h3>Harris Campaign’s Crypto Outreach</h3>
[embed]https://twitter.com/IOHK_Charles/status/1822035833379287466[/embed]

The warning from Hoskinson comes shortly after reports indicated that Vice President Kamala Harris' advisors had reached out to leading American crypto businesses, including stablecoin issuer Circle, digital asset exchange Coinbase, and payments firm Ripple. The Harris campaign's efforts aimed to reassure the crypto industry of the Democratic Party’s "pro-business" stance.

These overtures followed Republican presidential candidate Donald Trump’s recent support for the crypto industry, highlighted by his attendance at the Bitcoin2024 conference in Nashville, Tennessee.
<h3>Tensions Evident in Recent Meeting</h3>
Last week, a Zoom meeting organized by Congressman Ro Khanna sought to bridge the gap between the crypto industry and the Biden administration. The meeting, which included Deputy U.S. Treasury Secretary Wally Adeyemo and other top administration officials, revealed significant tensions.

Crypto executives, including representatives from Coinbase, Kraken, and Ripple, did not hold back in expressing their dissatisfaction with the administration’s actions against digital assets. Pro-crypto billionaire Mark Cuban and hedge fund manager Anthony Scaramucci were also present, adding weight to the concerns raised.

As the 2024 election approaches, Hoskinson’s warning highlights the growing friction between the crypto industry and political leadership, underscoring the need for clear policies and engagement with digital assets.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Cardano Founder Warns of Crypto Challenges Ahead of 2024 Election

Cardano's Charles Hoskinson warns of the Biden-Harris administration's stance on crypto as the 2024 election approaches, urging caution for the industry.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Cardano Founder Warns of Crypto Challenges Ahead of 2024 Election

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