In a series of scathing social media posts, Charles Hoskinson, the founding father of the Cardano (ADA) blockchain, has sharply criticized the Democratic Party’s stance on the crypto industry, particularly the actions and perceived intentions of Vice President Kamala Harris.

Hoskinson’s criticism stems from a perceived lack of clear, tangible support for the crypto ecosystem from the present administration, which he believes has as a substitute pursued a “brutal” crackdown on the industry. 

The Cardano founder calls for specific policy proposals and explanations from VP Harris regarding the administration’s approach to regulating digital assets.

Cardano Founder Skeptical Of Harris’ Crypto Guarantees

In one in all his posts, Hoskinson reacted to comments made by Brian Nelson, a policy advisor to VP Harris, who stated that the vp will support policies that ensure emerging technologies. Nonetheless, Hoskinson’s response was skeptical, demanding to know the specifics of those policies:

No specific policy or proposal. Just talk. Will gary be fired? What laws do you support? What executive actions will probably be issued? Why haven’t you modified the policy RIGHT NOW because you’re president. I’m sorry there’s ZERO trust. We want specific, tangible actions.

The Cardano founder further criticized the administration’s past actions, stating that after 3 years of “brutally abusing” the industry, pushing anti-clarity, highlighting the industry’s thirst for actionable strategies over mere rhetoric. Hoskinson further stated:

So after 3+ years of brutally abusing the industry, pushing anti-clarity, stopping laws from passing, and declaring everyone from the protocols to the exchanges criminals, by some means Harris will magically get up and develop into pro-crypto? Don’t even need to fireplace Gary… Force Harris to state specific policies BEFORE the election. Have her explain why the Biden administration did what it did to us. Who will get fired? We’re owed a proof.

Trump’s Pro-Crypto Stance Clashes With Harris’ Ambiguity

Hoskinson’s criticisms contradict the Republican Party’s more vocal support for the cryptocurrency industry. Former President Donald Trump, who has pledged to develop into the primary “crypto president,” expressed his support for using Bitcoin to pay down the country’s debt and even called for the firing of the SEC chairman on day one in all his administration.

This clear endorsement from the Republican Party starkly contrasts the perceived lack of support from the Democratic party and VP Harris, which has led to growing concerns throughout the crypto community in regards to the industry’s future under a possible Harris presidency.

Galaxy Digital’s Head of Research, Alex Thorn, sounded an alarm, forecasting a rocky road for crypto if Harris assumes the presidency. Thorn’s evaluation pointed to Harris’ alternative of advisors, including figures known for his or her anti-crypto sentiments, as harbingers of a continued crackdown on the industry.

On the time of writing, ADA, Cardano’s native token, is trading at $0.3720, up nearly 2% prior to now 24 hours. Cardano has seen an almost 10% price uptrend prior to now week alone.

Featured image from DALL-E, chart from TradingView.com