Charles Hoskinson Claims That Every American Bank Mocks Crypto

Charles Hoskinson, the head of IOG, the creator of Cardano and Ethereum, has used Twitter to sarcastically mock attempts by U.S. banks to outlaw cryptocurrencies for their clients.

He used Kanye West as an illustration, whose JP Morgan account had been terminated the previous week.

Charles Hoskinson explains why the crypto industry might not be concerned about marketing

Charles Hoskinson addressed the query that he has reportedly been receiving frequently from the cryptocurrency community, which is the topic of why businesses in the field that have their own coins are not adept at selling their products and services.

He thinks U.S. institutions are considerably better at promoting cryptocurrency to the general public. For instance, he shared a photo of the well-known musician Kanye West sporting a baseball cap with the name “Satoshi Nakamoto” written on it.

According to the image’s caption, Ye West, a rapper, is now a fan of Bitcoin after JP Morgan banking behemoth closed down his account and terminated a deal with him three days prior.

The rapper billionaire’s accounts were previously suspended by the social media juggernauts Twitter and Instagram for sharing anti-semitic conspiracy theories.

People keep asking why isn't the cryptocurrency space doing a better job at marketing, the answer is that every bank in America does a pretty good job of doing it for us pic.twitter.com/OANsCCDPMw

— Charles Hoskinson (@IOHK_Charles) October 17, 2022

Bank of America closes the accounts of crypto supporters

One well-known supporter of cryptocurrencies, specifically Bitcoin, is Kanye West. He reportedly submitted 17 applications on June 1 with the goal of beginning to produce his own line of branded NFTs.

Strangely, he declared during the winter that he would never work with non-fungible tokens. Former PayPal executive Roelof Botha and Tron founder and former CEO Justin Sun’s accounts have previously been closed. Michael Arrington, the original founder of TechCrunch, assumed at the time that Botha’s account had been suspended because he had purchased some Bitcoin.

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