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Sujit Kumar
Sep 20, 2024
by Sujit Kumar

Charles Hoskinson Believes Trump Will Support U.S. Crypto Industry More Than Harris

Crypto Industry

Table of contents

  1. Trump’s Pro-Crypto Actions
    1. Current Administration’s Hostility Toward Crypto
    2. Republicans More Open to Crypto
Cardano founder Charles Hoskinson recently voiced his opinion that former U.S. President Donald Trump is more likely to support the crypto industry than Vice President Kamala Harris. In an interview during the TOKEN2049 conference in Singapore, Hoskinson remarked that any presidential candidate engaged in crypto events or decentralized finance (DeFi) projects would be more favorable toward the industry than those backing current SEC leadership.

Trump’s Pro-Crypto Actions

Donald Trump has demonstrated increasing support for cryptocurrency. In July, he delivered a speech at the Bitcoin Conference, promising to foster favorable crypto regulations and pledging to fire SEC Chair Gary Gensler if re-elected. Trump has also taken actions like using Bitcoin to buy cheeseburgers and launching a DeFi project, World Liberty Financial, to further showcase his stance.

Current Administration’s Hostility Toward Crypto

Under the Biden-Harris administration, the SEC, led by Gensler, has taken several enforcement actions against major crypto firms, including Ripple, Binance, and Coinbase. This has led many in the crypto community, including Hoskinson, to view the current leadership as anti-crypto. He went on to highlight that the global crypto movement is advancing in countries like Singapore, Switzerland, and the U.K., regardless of U.S. policy.

Republicans More Open to Crypto

Hoskinson also stated that Republican politicians, including Trump, tend to be more open to sensible crypto regulations compared to Democrats. This belief is echoed by prominent figures in the crypto space, who have made significant donations to Trump’s campaign, aiming to bring about more crypto-friendly policies.

Disclaimer: 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.
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Charles Hoskinson Believes Trump Will Support U.S. Crypto Industry More Than Harris
Sujit Kumar
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.

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