TechFlow news, according to Cointelegraph, Cardano founder Charles Hoskinson posted a video yesterday on X platform fiercely criticizing U.S. President Joe Biden, accusing him of actively attempting to kill the American cryptocurrency industry. Hoskinson stated that the Biden administration has harmed the crypto sector in various ways in recent years, including restricting access to bank accounts, intensifying regulatory actions by the Securities and Exchange Commission (SEC), and most recently obstructing legislative progress related to cryptocurrencies.
Hoskinson's remarks came in response to a statement from the Biden White House indicating it would veto legislation aimed at overturning the SEC's guidance on banks holding crypto assets. Additionally, the White House expressed "strong opposition" to a House joint resolution seeking to overturn SAB 121, a move that could further impact the future trajectory of the cryptocurrency industry.
