Cardano Founder Charles Hoskinson Condemns Ripple's Chris Larsen

Highlights

• Charles Hoskinson critiques Chris Larsen's $11.8M donation, raising concerns over political funding in crypto.
• Hoskinson calls out Ripple's Chris Larsen for his major political contributions to the Biden campaign.
• XRP and ADA prices struggle to rebound amid ongoing market concerns and fluctuations in investor sentiment.

Cardano founder Charles Hoskinson takes a dig at Ripple co-founder Chris Larsen for his recent donations worth millions to support Democratic presidential candidate Kamala Harris. Hoskinson joined Robert F. Kennedy Jr. to criticize Joe Biden-Kamala Harris Administration for dividing the nation and authorizing lethal force against Americans.

Cardano founder Charles Hoskinson reacted to an X post by Robert F. Kennedy Jr. raising concern about the current political climate. RFK Jr slammed Kamala Harris for making a “fascism” comment about Donald Trump while in reality Joe Biden-Kamala Harris administration pushed ahead the DoD Directive 5240.01.

“DoD Directive 5240.01 giving the Pentagon power — for the first time in history — to use lethal force to kill Americans on U.S. soil who protest government policies. If you want to understand a politician, the words from her mouth have little relevance, said RFK Jr.

Hoskinson stressed this it is a “betrayal of the Posse Comitatus Act of 1878,” slamming the administration for pushing ahead with the directive targeting Americans.

He also slammed Chris Larsen for donating $11.8 million to Democrats. Crypto is still fighting for regulatory investigation, and using it for political context can add complexity to its decentralized and neutral ethos.

Crypto Market Falls Amid Chris Larsen’s Donations

Chris Larsen’s donation towards Kamala Harris campaign has impacted market sentiment. Ripple CEO Brad Garlinghouse and Larsen had to clarify why he donated XRP to Kamala Harris.

XRP price has dropped 5% this week, currently trading at $0.52. Also, XRP saw a decline in activity in the derivatives market, with an 82% decline in options volume, as per Coinglass data.

Moreover, ADA price has noted a 3% decline in last 24 hours, with the price currently trading at $0.34. The 24-hour high and low for ADA are $0.356 and $0.340.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.