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Cryptocurrency News Articles
Charles Hoskinson Warns That Donald Trump's New Crypto Platform Could Be 'Scary' for the Industry
Sep 21, 2024 at 11:40 pm
Charles Hoskinson has raised concerns that the association with Trump could have negative regulatory implications. He noted that the project will face challenges due to partisanship, as various political groups will target it because of the affiliations.
Donald Trump and his sons have launched a digital asset platform, sparking varied reactions within the cryptocurrency community.
Charles Hoskinson, the creator of Cardano, expressed concerns about the platform in an interview with the Financial Times. He stated that the platform could attract unwanted attention from regulatory bodies due to its association with Trump, who has faced numerous legal challenges throughout his presidency.
“I don’t see that level of quality and sophistication in the discourse” with Trump or Kamala Harris in the crypto space.
On the other hand, some cryptocurrency analysts have predicted positive outcomes for the industry if Trump wins the upcoming election. In a recent report, an analyst anticipates that Trump’s victory will propel Bitcoin to $125,000.
The analyst further breaks down the potential impact of the US election on Bitcoin in his report. He anticipates that early price drops may occur under a Harris presidency. However, given the market fundamentals, the price could still reach $75,000.
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