Cardano Creator Charles Hoskinson Slams Politicians for Blaming US Banking Crisis on Crypto - The Daily Hodl
Cardano (ADA) creator Charles Hoskinson is slamming politicians for blaming the US banking crisis on the crypto industry. In a new statement, the Input Output Hong Kong (IOHK) chief executive urges digital...
Cardano (ADA) creator Charles Hoskinson is slamming politicians for blaming the US banking crisis on the crypto industry.
In a new statement, the Input Output Hong Kong (IOHK) chief executive urges digital asset investors to become single-issue crypto voters and ignore the noise made by politicians and central banks.
“The central banks and politicians created this banking crisis, and now they are blaming crypto. Don’t fall for it, and keep a list to remember at the ballot box when election time comes. Be a single issue crypto voter.”
Hoskinson is referring to a statement made by John Van Overtveldt, a member of the European Parliament who advocated for the banning of digital assets as the banking crisis deepens.
Van Overtveldt said,
“Another lesson to be learned from the current banking commotion. Enforce a strict ban on cryptocurrencies. Speculative poison and no economic or social added value. If a government bans drugs, it should also ban cryptos.”
Prominent crypto analyst PlanB also responded to Overtveldt’s call to ban digital assets, saying that central banks have “no idea” what they are doing.
“Ban math.. why and how? I think the lesson we can learn from the current banking commotion (and the previous one in 2008) is that the (central) banks don’t really know what they’re doing with QE (quantitative easing), and have absolutely no idea what Bitcoin is.”
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