CandleFocus Cardano’s Hoskinson warns Trump-backed crypto venture could harm industry
2024-09-20
Author: Content Editor
Charles Hoskinson, founder of Cardano, has expressed concerns about World Liberty Financial, a decentralized finance platform backed by former US President Donald Trump. Hoskinson warns that Trump’s involvement in the crypto industry could complicate regulations and potentially destabilize the market. Despite Trump's recent pledge to make the US a "Bitcoin superpower," Hoskinson doubts both Trump and Kamala Harris' understanding of crypto issues. He believes that if Trump wins the November election, he may struggle to fulfill his pro-crypto policy promises, casting doubt on the administration's ability to support the industry. World Liberty Financial plans to launch a governance token but will only be available to accredited investors under a Regulation D exemption.
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