Cardano founder challenges VP Harris on crypto stance before election

Charles Hoskinson, the founder of Cardano (CRYPTO:ADA), has publicly criticised the Democratic Party's approach to the cryptocurrency industry, specifically targeting Vice President Kamala Harris.

In a series of social media posts, Hoskinson expressed frustration with what he perceives as a lack of concrete support for the crypto sector from the current administration, accusing it of implementing a "brutal" crackdown on digital assets.

He challenged VP Harris to provide specific policy proposals and explanations regarding the administration’s stance on crypto regulation.

Hoskinson's skepticism was evident in his response to comments made by Brian Nelson, a policy advisor to Harris, who suggested that the vice president supports policies that encourage emerging technologies.

Hoskinson demanded clarity, questioning the absence of specific actions or legislative support: "No specific policy or proposal. Just talk. Will Gary be fired? What legislation do you support? What executive actions will be issued? Why haven’t you changed the policy RIGHT NOW since you’re president?"

Hoskinson's criticism extended to the administration's past actions, accusing it of three years of "brutally abusing" the crypto industry by pushing unclear regulations and preventing the passage of supportive legislation.

He emphasised the need for tangible strategies rather than rhetoric, urging Harris to outline her policies before the upcoming election: "We are owed an explanation."

Hoskinson’s remarks also contrasted the Democratic Party's stance with the more pro-crypto approach of the Republican Party.

Former President Donald Trump, who has positioned himself as a strong supporter of cryptocurrency, has pledged to make Bitcoin a tool for reducing national debt and has called for the dismissal of the SEC chairman.

This clear support from the Republicans stands in stark contrast to the perceived ambiguity from Harris and the Democrats, fueling concerns within the crypto community about the industry’s future under a potential Harris presidency.

At the time of writing, Cardano’s native token, ADA, price was $0.3747.