ADA Founder Charles Hoskinson Warns of Crypto Collapse Under Kamala Harris Administration

ADA Founder Challenges U.S. Crypto Future Under Kamala Harris

ADA founder Charles Hoskinson has voiced grave concerns regarding the future of the U.S. cryptocurrency industry. Should Kamala Harris take the Oval Office, Hoskinson believes it could lead to a catastrophic environment for digital assets.

Harris's Potential Impact on Cryptocurrency

In a recent statement, Hoskinson outlined a vision of a dystopian America featuring state-sponsored censorship and corporate control that could spell the end of viable cryptocurrency operations within the country.

Political Landscape and Its Effects on Crypto

• Hoskinson indicated that a victory for Trump is essential for the crypto community.
• The Cardano founder made it clear that he supports RFK Jr. but views Trump as the lesser evil.
• He believes the upcoming decade will shape humanity's future regarding digital finance.

Community Skepticism Towards Harris

The crypto community has raised red flags about Harris, largely due to proposed regulations that threaten the viability of various cryptocurrency exchanges. Her potential plans for capital gains tax increases on digital assets amplify apprehensions.

While Harris has suggested a desire for reconciliatory policies, many remain apprehensive about her administration’s stance on cryptocurrencies.