- Cardano CEO Charles Hoskinson recently highlighted the Biden-Harris administration’s aggressive stance towards the crypto industry.
- Tyler Winklevoss critiqued the ambiguity of the “Crypto for Harris” campaign, questioning the Vice President’s unclear position on cryptocurrency.
- Reports reveal that the US SEC has issued subpoenas to three crypto venture capital firms this year, intensifying scrutiny on the sector.
Cardano’s Charles Hoskinson asserts that the Biden-Harris administration’s policies are detrimental to the crypto sector, amid increased SEC actions.
Cardano’s Hoskinson Criticizes Administration’s Crypto Policies
Cardano CEO Charles Hoskinson has vehemently criticized the Biden-Harris administration, stating that their policies are detrimental to the cryptocurrency industry. Despite efforts to position Kamala Harris positively within the crypto community, Hoskinson believes the current administration is waging a war against crypto.
Persistent Criticism from Industry Leaders
Tyler Winklevoss recently took to social media to question the purpose behind the “Crypto for Harris” campaign, given the Vice President’s ambiguous stance on cryptocurrencies. This skepticism is shared by several crypto leaders who fear that the administration’s policies might hinder the industry’s growth.
SEC’s Escalating Scrutiny
According to sources, the U.S. Securities and Exchange Commission (SEC) has issued subpoenas to at least three crypto venture capital firms this year. The details obtained indicate that these actions are part of a broader investigation aimed at ensuring compliance with federal securities laws by crypto asset offering intermediaries.
Implications for the Crypto Industry
Crypto Lawyer MetaLawMan remarked that SEC Chairman Gary Gensler appears to be intensifying his oversight on all aspects of the crypto industry. Attorney Fred Rispoli also noted that the SEC has a pattern of heavily scrutinizing contracts involving crypto assets, similar to the actions taken against Ripple’s XRP sales contracts.
Conclusion
In summary, the relationship between the crypto industry and the current U.S. administration remains strained. With the SEC stepping up its regulatory actions, industry leaders are calling for more clarity and supportive measures. The continuous scrutiny could either lead to a more regulated environment or stifle innovation within the sector, depending on future policy decisions.
