Charles Hoskinson, the founder of Cardano is urging cryptocurrency supporters to vote strategically in the upcoming U.S. elections.
This call to action is due to growing concerns about the approach of the current administration towards cryptocurrency regulation.
This way of regulation has been criticized by Hoskinson as “regulation by enforcement”. He believes that this regulatory approach has had negative effects on job creation and innovation in the crypto industry.
He further maintains that regulatory strategies used by the Securities and Exchange Commission’s aggressive tactics, backed by Biden are preventing America from reaching its potential
Other industry leaders, including Messari CEO Ryan Selkis and the Winklevoss twins, also share Hoskinson’s worries about the current regulatory environment as they all want policies that would help the cryptocurrency industry grow and succeed.
As the election season approaches, Hoskinson is encouraging cryptocurrency enthusiasts to become “single-issue voters,” and focus mainly on the candidate’s stance on cryptocurrency policy when deciding who to vote for.
As election season nears, the cryptocurrency industry is likely to become more politically active. How well the community can come together and influence policy decisions could significantly impact the future of cryptocurrency regulation in the United States.
Also Read: Cardano Node Boosts Security Post Mainnet DDoS Attack
