From a crypto perspective, Cardano founder Charles Hoskinson Former US President and Republican presidential candidate Donald Trump is widely expected to win the presidential election. US Presidential Election He has also shown more support for the cryptocurrency industry in the United States than Vice President Kamala Harris.
Hoskinson Likens Trump to His Support for Cryptocurrency Industry
At the recently concluded meeting TOKEN2049 Conference in SingaporeHoskinson has been particularly vocal about his support for the Trump administration. In an interview with CNBC interview On Friday, September 20, he said: “Any presidential candidate who actively attends crypto-related conferences or starts DeFi projects is likely to be more supportive of the industry than someone who appointed SEC Chairman Gary Gensler.”
The comment comes on the heels of Trump’s pledge at a Bitcoin conference in July to advocate for favorable crypto regulations and his promise to fire Gensler on his first day as president. Hoskinson, by contrast, has been particularly critical of Biden-Harris Administrationwho is believed to have taken a hostile stance towards the crypto industry.
He went so far as to assert that a vote for Kamala Harris would threaten the U.S. cryptocurrency sector, a sentiment echoed by several enforcement actions initiated by the Securities and Exchange Commission under the “Cryptocurrency Act.” Gensler Leadership Against major crypto companies like Ripple, Binance and Coinbase.
Since attending the Bitcoin conference, Trump has shown his support for the industry on various occasions, including launching a DeFi project called World Liberty Financial Asked if Trump’s support for cryptocurrencies was opportunistic, given his family’s involvement in the sector, Hoskinson acknowledged that all politicians, including the former president, exhibit “some degree of opportunism.”
In an interview with the Financial Times on Friday, September 20, Hoskinson also expressed his reservations about the Trump-backed project, World Liberty Financial. The Cardano founder is concerned that the platform could become a political issue. “Trump is launching a DeFi app, and that’s worrying for the industry,” Hoskinson said.
VanEck Analysts Favor Harris’ Management on Bitcoin
Despite Trump’s recent outreach to the crypto industry and support from prominent crypto investors, Charles Hoskinson remains somewhat skeptical that Trump or Kamala Harris, if elected, would significantly advance the development of the crypto industry in the United States. However, he noted that Trump “is the preferred presidential candidate from a crypto perspective.”
Interestingly, some Analysts at VanEck They claim that Kamala Harris may be a better choice overall for BitcoinThey claim that her presidency is likely to maintain current economic policies, which could weaken the US dollar and drive further adoption of Bitcoin.
We believe that Kamala Harris Presidency “A second Trump term could be even more beneficial for Bitcoin, as it would likely accelerate many of the structural issues that support Bitcoin adoption,” Matthew Siegel and Patrick Bush wrote in a report released Thursday. “As inflation and currency depreciation continue to challenge fiat monetary systems, Bitcoin could serve as a crucial hedge.”
Featured image from WIRED, chart from TradingView
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