In a move that has stirred both political and crypto communities, Charles Hoskinson, the founder of Cardano (ADA), has thrown his support behind an unexpected alliance between Robert F. Kennedy Jr. and Donald Trump in the upcoming 2024 U.S. Presidential election. Hoskinson’s endorsement, shared on X (formerly Twitter), highlights a growing dissatisfaction with the state of American democracy and the influence of corporate interests.
Hoskinson Praises RFK Jr.’s Vision
Charles Hoskinson’s support comes on the heels of a powerful speech by RFK Jr., in which the Democratic candidate addressed what he described as “deep, uncomfortable truths” about the current political landscape. Hoskinson, a prominent figure in the cryptocurrency world, praised Kennedy for his candid approach to issues such as media control and corporate dominance in American politics. According to Hoskinson, RFK Jr.’s willingness to confront these challenges sets him apart in a field of candidates often seen as beholden to special interests.
In his post, Hoskinson noted that Kennedy’s strategic decision to support Trump in key battleground states, while remaining on the ballot in already decided states, could be a game-changer. Hoskinson suggested that a Trump victory might pave the way for Kennedy to hold a significant position within the administration—potentially influencing key policy decisions, including those related to cryptocurrency.
A Pro-Crypto Administration?
For the cryptocurrency community, Hoskinson’s endorsement is particularly noteworthy. The Cardano founder expressed optimism that an RFK Jr.-Trump administration would be more favorable to the industry, contrasting with the current administration’s regulatory approach. Hoskinson’s vision for a pro-cryptocurrency government aligns with RFK Jr.’s previous statements, particularly those made at the Bitcoin Conference 2024, where he was lauded for his forward-thinking stance on digital currencies.
Hoskinson’s broader message, however, extends beyond cryptocurrency. He has long advocated for profound reform within the U.S. government, including the possibility of a constitutional convention to address what he sees as the erosion of American democracy. While acknowledging the challenges ahead, Hoskinson views the RFK Jr.-Trump alliance as a potential stopgap measure to slow the nation’s decline.
Reactions from the Crypto Community
Hoskinson is not alone in his support for RFK Jr. Prominent economist Peter Schiff, known for his often critical views on cryptocurrencies, also weighed in on Kennedy’s candidacy. While Schiff and Hoskinson differ politically, they share a respect for RFK Jr.’s intelligence and genuine concern for the country. Schiff, traditionally not a supporter of the Kennedy family, acknowledged that RFK Jr. represents a rare figure in contemporary politics—one who could potentially bridge the gap between deeply divided factions.
Bill Morgan, another influential voice in the crypto world, echoed Hoskinson’s sentiments, recognizing RFK Jr. as the most pro-crypto candidate in the race. Morgan’s endorsement further solidifies the growing belief within the community that an RFK Jr.-Trump administration would be a boon for the cryptocurrency industry.
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Meanwhile, the pro-Kamala Harris group, Crypto4Harris, remains skeptical. While continuing to advocate for Harris, they express frustration with the current administration’s stance on cryptocurrency regulation. Some members sarcastically suggest that Harris might eventually offer some support to the crypto community, though confidence is waning.
Charles Hoskinson’s endorsement of an RFK Jr.-Trump alliance marks a significant moment in the 2024 Presidential race, particularly within the cryptocurrency community. As the election approaches, the alignment of these two figures—Kennedy and Trump—could reshape not only the political landscape but also the future of cryptocurrency regulation in the United States.
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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