Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

TCM AI: Not a Fortune Teller, But a Mind- Body- Spirit Guide

October 12, 2025

Is This the Last Chance to Buy XRP, or Will It Drop Below $1?

October 12, 2025

$800 Billion Crypto Crash: Why Bitcoin, Ethereum, XRP and Altcoins Are Falling

October 12, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Hoskinson accuses Biden administration of ‘coordinated effort to kill crypto’

0
By Aggregated - see source on May 9, 2024 Regulations
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano founder Charles Hoskinson has accused Joe Biden’s administration of a deliberate attempt to stifle the growth of the crypto industry in the US and urged crypto holders to reconsider their votes in the upcoming elections later this year.

His accusations come in response to President Joe Biden’s announcement to veto a bipartisan resolution that has stirred controversy within the crypto community.

“The Biden administration has engaged in a coordinated effort to kill crypto,” Hoskinson stated during a Twitter livestream. He labeled the administration’s regulatory actions as “Operation Chokepoint 2.0,” — implying a systematic effort to block the industry’s access to essential financial services.

The resolution, H.J. Res. 109, which passed with a 229-193 vote in the US House, urges the Securities and Exchange Commission (SEC) to retract a staff bulletin on digital asset custody accounting. Crypto advocates argue that the SEC’s guidelines are overly restrictive and hamper innovation.

Despite bipartisan support for the resolution, the White House announced it would veto the resolution even if it passes, saying the SEC’s rules are crucial for protecting investors and maintaining the financial system’s stability.

However, Hoskinson and other industry leaders see the administration’s stance as antagonistic toward the burgeoning crypto sector.

Hoskinson said:

“This November, if you vote for Joe Biden as a crypto holder, please understand that the intent of this administration is to destroy the American crypto industry.”

His remarks highlight the deepening rift between crypto enthusiasts and the current government’s approach to digital asset regulation.

As the debate around crypto regulation intensifies, former President Donald Trump has seized the opportunity to court the crypto community, contrasting his pro-crypto stance against Biden’s regulatory measures.

The political dynamic suggests that crypto regulation will be a significant issue in the upcoming presidential election, reflecting its growing importance as a new frontier in American innovation and economic competition.

Mentioned in this article

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is This the Last Chance to Buy XRP, or Will It Drop Below $1?

October 12, 2025

$800 Billion Crypto Crash: Why Bitcoin, Ethereum, XRP and Altcoins Are Falling

October 12, 2025

XRP’s $10 Price Prediction vs. Ozak AI’s $1 from $0.012 — Which Offers a Better Risk-Reward Ratio?

October 11, 2025
Leave A Reply Cancel Reply

What's New Here!

TCM AI: Not a Fortune Teller, But a Mind- Body- Spirit Guide

October 12, 2025

Is This the Last Chance to Buy XRP, or Will It Drop Below $1?

October 12, 2025

$800 Billion Crypto Crash: Why Bitcoin, Ethereum, XRP and Altcoins Are Falling

October 12, 2025

‘$6.9 Is A Magnet’, Analyst Predicts

October 11, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.