Bitcoin has long been a topic of heated debate, but a new controversy has emerged—this time involving U.S. government funding. Cardano founder Charles Hoskinson has called out the U.S. Agency for International Development (USAID) for financing a book that links Bitcoin to right-wing extremism.
USAID-Funded Book Sparks Outrage
The revelation, first reported by WikiLeaks, exposed that USAID funded Cyberlibertarianism: The Right-Wing Politics of Digital Technology, a book authored by David Golumbia. The book argues that Bitcoin and cyberlibertarian ideologies align with right-wing extremism. Published by the University of Minnesota Press, the project reportedly received over $80,000 in U.S. government funding.
So apparently, USAID is funding the production of propaganda that says Bitcoin is right-wing extremism.
— Charles Hoskinson (@IOHK_Charles) February 10, 2025
I'm so done with this garbage https://t.co/hG9ViJiW0A
Hoskinson dismissed the book’s claims as “garbage,” taking to social media to criticize the U.S. government’s role in backing such narratives. The crypto community quickly rallied in support, questioning why taxpayer dollars were being used to fund what they see as a politically charged attack on decentralized technology.
USAID Faces Increasing Scrutiny
This controversy comes at a turbulent time for USAID. The Trump administration recently issued an executive order freezing parts of the agency’s funding, affecting its global humanitarian initiatives. Reports also suggest that some USAID employees have been placed on leave, raising further concerns about its operational stability.
Meanwhile, government officials are closely monitoring USAID’s financial activities. Representative French Hill, chairman of the House Financial Services Committee (HFSC), has expressed concerns over the agency’s spending. He also revealed that Elon Musk’s Department of Government Efficiency (DOGE) is reviewing USAID’s budget allocations. Additionally, Secretary of State Mike Rubio, who oversees USAID, is expected to play a crucial role in determining its future funding.
The Bigger Debate: Bitcoin’s Reputation and Government Influence
Hoskinson’s criticism underscores a broader issue—the portrayal of Bitcoin in government-funded research. Many in the crypto industry argue that such narratives are an attempt to discredit decentralized technologies, which they view as essential for financial inclusion and economic freedom.
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This latest controversy highlights the ongoing tensions between the cryptocurrency sector and government institutions. With growing mainstream adoption, Bitcoin continues to challenge traditional power structures, and government agencies appear to be pushing back. The question remains—who controls the narrative on Bitcoin’s role in society?
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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