Charles Hoskinson, the creator of Cardano (ADA), openly challenged Vitalik Buterin, the founder of Ethereum (ETH), in a recent exchange that has sparked a lot of discussion in the cryptocurrency community about the function of politics in the industry. The debate started after Buterin’s blog post on July 17, in which he warned the crypto community not to support political candidates just because they support crypto, especially with the U.S. presidential election coming up soon.
Buterin’s blog post stressed that the crypto movement is about more than just financial freedom. It focused on the movement’s core ideas of decentralization and personal freedom. He was worried that supporting lawmakers who support crypto could hurt these core values.
Political Tensions in Cryptocurrency
The political climate around cryptocurrency is becoming more heated, especially since well-known people like former President Donald Trump have spoken out in support of crypto projects. This is in stark contrast to President Biden’s government, which has been less optimistic.
In answer, Hoskinson went on Twitter and said that while he usually tries to stay out of crypto politics, there are times when it’s necessary to get involved. He said that the community needs to speak out if the government keeps doing things like harassing crypto exchanges and going after stars in the industry. “Voting for politicians who threaten our industry could lead to its demise in the U.S.,” Hoskinson stated.
This difference brings up another significant argument in the crypto community: how to define itself and have an impact in a political climate that is changing quickly. As the election draws near, the crypto sector may have a significant impact on how people vote, which makes people in the US question the future of blockchain technology and those who support it.
