Cardano blockchain inventor Charles Hoskinson recently expressed his displeasure over a paper circulated among Democratic committee members revealing their stance on cryptocurrency legislation.
Hoskinson, who has made significant contributions to the blockchain business, condemned the message and urged voters to make blockchain technology their exclusive focus in the upcoming elections.
Over the weekend, Hoskinson tweeted that putting cryptocurrency regulation in the spotlight in the election is the only way to stop the “crazy” in government. He called on cryptocurrency enthusiasts to vote for politicians who support pro-crypto policies.
Hoskinson: Democrats want to rally cryptocurrency
Hoskinson is rallying support as he believes the government will crack down on the cryptocurrency sector, as suggested in the Democrats’ speech. The letter, which was received by Fox News reporter Eleanor Territt, outlined the Democrats’ stance on cryptocurrency legislation and included several “key messages” for the committee members.
According to the letter, the Democratic committee members were advised to support the SEC’s claim of exclusive responsibility for crypto regulation. Noting that non-compliance is more of an issue in the crypto space than uncertainty, he concluded that most cryptocurrencies should be classified as securities.
The document also criticized Republican lawmakers on the committee who have called for less funding for bank regulators. This implied that these Republicans were not really interested in preserving the interests of investors and that they should instead focus on passing a clean debt limit deal rather than supporting pro-cryptocurrency legislation.
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More than 900,000 people interacted with the contents of the note, which sparked widespread interest in the cryptocurrency world. Concerns have been expressed by industry executives and professionals who agree with Hoskinson’s view of the expected regulatory cycle.
Hoskinson’s call for Americans to become single-issue voters on cryptocurrency comes when the debate over regulating cryptocurrencies heats up. Citizens can influence the course of action and ensure its survival by making it a top priority and voting for politicians who support pro-crypto policies.