Cardano Founder Slams EU Politician’s Drug Comparison Amid Banking Crisis

Key Points:

• Charles Hoskinson has spoken out against central banks and politicians blaming crypto for the recent banking crisis in the US.
• Hoskinson argues that central banks and politicians are responsible for the banking crisis and are now unfairly blaming crypto.

Charles Hoskinson, the billionaire mathematician and founder of the Cardano blockchain, has spoken out against central banks and politicians blaming crypto for the recent banking crisis in the US.

He has urged the crypto community not to fall for this narrative and to keep a list of anti-crypto politicians so that they can vote for only crypto-friendly candidates in future elections. Hoskinson recommended that every user become a “single issue crypto voter.”

Hoskinson’s comments were prompted by an article on CoinDesk about Johan Van Overtveldt, a member of the right-wing ECR political party in the EU parliament, who likened cryptocurrencies to drugs. Van Overtveldt, also the former finance minister of Belgium, suggested that a strict ban on crypto should be imposed in light of the recent banking crisis in the US, which saw three major banks – Silvergate Bank, Silicon Valley Bank, and Signature Bank – go bankrupt. All three banks had also been collaborating with crypto companies.

Hoskinson argues that central banks and politicians are responsible for the banking crisis and are now unfairly blaming crypto. He believes the crypto community should not allow themselves to be misled and should hold anti-crypto politicians accountable at the ballot box.

The recent banking crisis has highlighted the need for a more resilient and decentralized financial system, which is what crypto and blockchain technology offer. Hoskinson’s message to the crypto community is to remain vigilant, to be aware of the political landscape, and to vote for candidates who support crypto and understand its potential.

Hoskinson’s comments reflect a growing frustration among the crypto community with politicians and central banks who quickly blame crypto for problems in the traditional financial system. His call for users to become single-issue crypto voters is a reminder of the power of the crypto community and its potential to shape the political landscape.

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