Cardano’s Charles Hoskinson Clashes with Ethereum’s Vitalik Buterin on Crypto Voting

LUCKNOW (CoinChapter.com) – Charles Hoskinson, co-founder of Input Output Global and the Cardano blockchain ecosystem, has publicly disagreed with Ethereum co-founder Vitalik Buterin’s view on crypto-based voting. Hoskinson shared his opinion on the blog post of Buterin which he posted on X.

A Vote For Biden Is A Vote For the Death Of The American Crypto Industry

Cardano’s Charles Hoskinson took to X to argue in favor of a single-issue voting strategy focused on supporting pro-crypto candidates. He believes this approach would make politicians think twice before targeting the crypto industry, understanding the potential electoral consequences.

Politics is a game of cause and effect. If politicians understand that bullying and harassing our industry translates to lost elections, then suddenly, they avoid doing that.

Hoskinson stated.

He further suggested that voting for current President Joe Biden would negatively impact the American crypto industry.

Buterin Warns Against Narrow Focus

Contrary to Hoskinson’s view, Buterin recently cautioned against choosing political allegiances based solely on a candidate’s view on cryptocurrency. In a blog post, Buterin emphasized the importance of considering a politician’s overall vision for technology, privacy, and internationalism.

Buterin stressed that the crypto movement’s original values, inspired by the cypherpunk ethos, focus on promoting overall freedom and decentralization, beyond just financial freedom. He warned that a narrow focus on “pro-crypto” candidates might lead to supporting politicians whose broader values don’t align with those of the crypto community.

Crypto’s Growing Political Influence

The 2024 US presidential election may be significantly influenced by candidates’ crypto-related policies and views on blockchain innovation. 

As the 2024 U.S. presidential election approaches, President Joe Biden’s administration has had a complex relationship with the cryptocurrency industry. The administration has taken a cautious, regulatory-focused approach. Throughout Biden’s administration, the Securities and Exchange Commission (SEC) pursued numerous enforcement actions against crypto firms.

In contrast, former President Donald Trump has taken a pro-crypto approach in his 2024 campaign. Additionally, Trump criticized the Biden administration’s regulatory actions and promised a more favorable environment for digital assets.

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Notably, a November 2023 Harris Poll conducted for Grayscale revealed that almost half of American voters (47%) plan to include cryptocurrency in their investment portfolio in the future. 

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