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

  • Cardano founder Charles Hoskinson accuses the Biden administration of a coordinated effort to stifle the growth of the crypto industry in the US.
  • Hoskinson labels the administration's regulatory actions as 'Operation Chokepoint 2.0' and claims it is trying to block the industry's access to essential financial services.
  • The Biden administration announced it would veto a bipartisan resolution urging the SEC to retract guidelines on digital asset custody accounting, causing further controversy.
  • Hoskinson warns crypto holders to reconsider their votes in the upcoming elections as he believes the administration aims to destroy the American crypto industry.

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