Charles Hoskinson, the founder of Cardano blockchain, recently called for American citizens to become single-issue voters in the upcoming election cycles in order to prevent the “madness” of government regulations regarding crypto. His remarks comes in response to a memo shared by Eleanor Terrett, a Fox News journalist, outlining the proposed stance of Democrats in the US Congress Committee on the issue.

The document suggested that the Democrat committee members should support the Securities and Exchange Commission (SEC) in having total authority on crypto regulation, while at the same time, taking aim at Republicans who support budget cuts in financial regulations. Moreover, it also recommended that these Republicans focus on clean debt instead of pro-crypto legislation.

The memo not only shocked crypto enthusiasts around the world but also drew criticism from prominent figures such as Hoskinson, who believes this could be a sign of a stronger crackdown on cryptocurrencies. It is no surprise then that the occurrence has sparked a strong engagement from the crypto community, with industry leaders and experts expressing their concerns over the proposed direction of regulation.

This is not the first time a US politician has expressed his steadfast support on the issue. Democratic Senator Ron Wyden last year stated his desire for legal protections for the crypto industry, particularly for remittances and streamlining settlements.

The only way to make sure the crypto industry remains free from oppressive regulations is for the community to use their vote to their advantage. This is what Hoskinson has constantly been advocating for, and we can only hope that the masses answer the call in the next round of elections.

In light of the recent memo circulated among Democrat Committee members on regulation of the crypto industry, Cardano founder Charles Hoskinson has urged citizens of the United States to create a single-issue voting bloc in the next election cycles. Hoskinson believes that only by prioritizing cryptocurrency at the polls can the looming threat of oppressive government regulations be prevented.

The document shared by Eleanor Terrett, a reporter with Fox News, urged Democrats to support the Securities and Exchange Commission (SEC) in having total control of the regulation aspect of cryptocurrencies while simultaneously criticizing Republicans who advocate for cutting financial regulations. The memo sparked immense debate in the crypto space and received numerous reactions from prominent figures.

In addition, even before the memo, Democratic Senator Ron Wyden had expressed his unwavering support for safeguarding the crypto industry, specifically for enabling remittances and streamlining settlements. He suggested a set of legal protections similar to those covered by Section 230 of the Communications Decency Act.

Fortunately, Hoskinson's call for action has already generated a response from crypto enthusiasts who, regardless of political affiliation, are eager to make sure the industry remains free from oppressive government regulations. Only time will tell if the community will answer the call at the polls.



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