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Cryptocurrency News Articles
Charles Hoskinson Condemns Chris Larsen's Political Donation, Citing Ethical and Regulatory Concerns
Oct 24, 2024 at 11:08 pm
Cardano founder Charles Hoskinson has publicly condemned Ripple co-founder Chris Larsen for his financial contributions to Democratic presidential candidate Kamala Harris.
Cardano founder expresses concerns over Ripple co-founder's political donation
Charles Hoskinson highlights broader political and ethical considerations
Robert F. Kennedy Jr.'s social media post raises concerns about Biden-Harris administration policies
Crypto industry faces challenges with political associations and regulatory scrutiny
Both XRP and ADA prices encounter difficulties amid market fluctuations
Cardano founder Charles Hoskinson has publicly expressed his concerns regarding the political donation made by Ripple co-founder Chris Larsen to Democratic presidential candidate Kamala Harris.
Highlighting broader political and ethical considerations, Hoskinson’s remarks follow a social media post by Robert F. Kennedy Jr. that raises concerns about the Biden-Harris administration's measures.
Hoskinson Aligns With RFK Jr. Against Harris
In a recent social media post, Robert F. Kennedy Jr. expressed concerns about the Biden-Harris administration's measures, particularly regarding civil liberties.
Highlighting Vice President Kamala Harris's comments labeling former President Donald Trump as a figure of fascism, Kennedy argues that the administration's own actions, such as the Department of Defense Directive 5240.01, raise concerns.
Kennedy points out that this directive, which allows the Pentagon to use lethal force against American citizens on U.S. soil in cases of protests against government policies, marks a departure from the country's democratic principles and the Posse Comitatus Act of 1878, which traditionally prohibits the military from engaging in domestic law enforcement.
Echoing these concerns, Hoskinson emphasizes the violation of the Posse Comitatus Act, arguing that it raises serious legal and ethical concerns, especially in the context of the Biden-Harris administration's policies.
Crypto Industry Concerns and Regulatory Scrutiny
Hoskinson's critique of Chris Larsen extends beyond just the political realm, also touching on the ongoing regulatory challenges faced by the crypto industry.
He argues that Larsen's financial support for a political campaign adds complexity to the ongoing struggle for regulatory clarity in the crypto space.
Highlighting the crypto industry's efforts to engage with regulators and policymakers to establish clear rules of engagement, Hoskinson expresses concerns that associating crypto with political agendas could undermine its decentralized nature, potentially drawing more scrutiny from regulators.
XRP and ADA Prices Struggle Amid Market Fluctuations
The public dispute between two prominent figures in the cryptocurrency space comes at a time when both XRP and ADA, the native tokens of Ripple and Cardano, are experiencing price challenges.
While XRP has seen a 9.16% decline in value over the past month, currently trading at $0.5289, data from Coinglass reveals a significant drop in options trading activity for XRP.
According to the data, XRP’s derivatives market experienced an 82% decline in options volume.
Victor MurikiEditor
Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery.
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