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Cardano founder Charles Hoskinson has warned that voting for Kamala Harris in the upcoming presidential election is a vote against the interests of the US crypto industry. He believes that the perceived hostility of the Biden-Harris administration towards cryptocurrency is increasing, with no signs of improvement or a “reset” in their approach.

“As I have said repeatedly, the Biden-Harris White House is waging a war on crypto. There appears to be no reset. In fact, it appears to be worse now. A vote for Harris is a vote against the US crypto industry,” Hoskinson said in a recent post on X.

Hoskinson’s statement responded to critical comments made by Tyler Winklevoss about a recent move by the Federal Reserve (Fed) against Customers Bank, the main subsidiary of Customers Bancorp and a well-known crypto-friendly bank.

Winklevoss argued that the Fed’s enforcement actions against Customers Bank lacked concrete evidence to support its alleged risk management and anti-money laundering compliance deficiencies.

He added that the 30-day notice requirement for new crypto banking relationships as a result of the case was a veiled attempt to increase control over the banking sector, particularly in its relationship with the crypto sector.

Winklevoss added that while Customers Bank could get Fed approval to bank crypto companies, it’s unclear whether the central bank will make the numbers public. He said the number of crypto companies approved could be close to zero, if not zero, if Harris wins.

“And make no mistake, this enforcement action is the Fed playing nice with Nerf guns. It’s just the table setting. Not even the appetizer. The Fed is on its best behavior right now because the election is right around the corner. If Harris wins in November, the gloves come off,” he said.

When President Joe Biden was still in the 2024 race, Winklevoss and Hoskinson warned that voting for Biden would be harmful to the US crypto industry.

Now that Biden’s torch has been passed to Harris, her campaign is ramping up efforts to counter Donald Trump’s growing appeal among crypto advocates. Trump has presented himself as a “pro-crypto” candidate and has repeatedly voiced his support for Bitcoin and the crypto industry.

Earlier this week, Democrats reportedly launched a new initiative called “Crypto for Harris” to rally support among crypto voters and bolster Harris’ campaign. A number of reports in recent weeks have also indicated that Harris’ team has reached out to crypto companies in an effort to “reset” their relationship with the industry.

A hymn to Kennedy

In a separate statement, Hoskinson expressed his support for Robert F. Kennedy Jr., the US presidential candidate who will meet with him next Saturday at Rare Evo’s blockchain event.

“Kennedy is one of the smartest and most honest candidates to run for president in my generation,” he said.

Kennedy is an outspoken Bitcoin supporter with a strong belief in its role in promoting financial freedom and transactional freedom. He previously revealed that he invested approximately $250,000 million in Bitcoin.

In addition to his investment, Kennedy also proposed a plan for the U.S. to acquire enough Bitcoin to match the value of the country’s gold reserves, which amounts to approximately 9.4 million BTC. He believes this would position the U.S. as the largest Bitcoin holder in the world.

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