Cardano Founder Lists Why Donald Trump Is Better Than Kamala Harris

Effectively in a roundabout manner, Cardano founder has explained why Donald Trump is better suited to crypto than Kamala Harris, using Gary Gensler as a broaching point. Charles Hoskinson has supported Donald Trump once again. According to him, Gary Gensler could get rewarded if Kamala Harris wins. The debate against the US SEC unreasonable regulation targeting cryptos restarted as Crypto.com sued the agency.

In the new trend caused by the Crypto Com lawsuit against the US SEC, Cardano Founder Charles Hoskinson has used recent laws to support Donald Trump, not Kamala Harris. The Cardano innovator talked about inconsistent regulation of the digital asset sector by the US SEC. 

Read more: –Elon Musk “Dark MAGA” Boosts Donald Trump’s Win Odds & Crypto Tokens Prices

Crypto.com and the SEC and How Donald Trump Would Easily Help

Hoskinson made the statement following a post by FOX Business journalist Eleanor Terrett on Crypto.com suing the SEC. In response to the agency’s regulation of the crypto industry, the crypto exchange accused the agency of going beyond its remit. Noteworthy, the regulator first went after Crypto.com by delivering it a Wells Notice. The regulator argued that the assets listed on its site are securities.

As much as these crypto platforms would love to have better regulation, you would think they would go for a more crypto-friendly head. Sarcastically in his X post Hoskinson suggested another four years for Kamala Harris with Gensler as Chair “should definitely improve this situation.”

As plans to make him Treasury Secretary for sometime in the future were emerging, Hoskinson gave voice to the obvious difference between Harris and Donald Trump. Cardano founder remarked that “Trump seems the most all in on crypto because he has created his own crypto projects.”

This stance is quite apparent in the amount of support that Trump is enjoying over his DNC opponent. I see that Polymarket bettors are also supporting Trump and the probability of him winning is still on the higher part with 52.4%. Likewise, crypto moguls are contributing their funds to guarantee the GOP candidate returns to the White House, once again.

Fate of SEC Chair 

According to Donald Trump, on his first day in office, he would fire Gary Gensler, the chair of the SEC, at the Bitcoin Conference 2024 in Nashville. Though, Trump did not different about the particular US SEC criticism towards Bitcoin, he vowed to stop the ‘anti-crypto crusade’ of the agency. Also, he said that he would put an end to the “persecution and weaponization” towards digital assets.

With the likelihood of this reality slowly materialising, discussions can now be said to be being held over a successor to the SEC chief. A few fingers are being pointed towards Robinhood CLO Dan Gallagher. Just a few organizations have cited information about his previous position as an SEC Commissioner, current position in Robinhood, and a lawyer. Of them, they feel that Gallagher would be best placed for the job and could lead the crypto industry to even better heights regarding regulation.

Sarcastic Jabs at Kamala Harris and Gary Gensler by Hoskinson

The founder of Cardano, Charles Hoskinson, recently reignited the debate of US crypto regulations and this time after indirectly taking a shot at Kamala Harris and Gary Gensler. In response to the above lawsuit where Crypto.com sued the U.S. SEC, Hoskinson teased that if Harris were to win the next election, Gensler was likely to remain in position, thus further crushing new innovation in the crypto sector. 

He sarcastically said that a term under Harris would be “definitely improve this situation,” of course, he means that Trump will be better for the crypto industry. His words are a testament to constant indignation among the people involved in the sphere regarding Gensler’s aggressive approach to regulating the crypto market.

Trump Embracing Crypto Gains More Support

Trump advocating for crypto mostly after starting his own NFT collections is cited as a reason that crypto fans like him. Get ready for that at the 2024 Bitcoin Conference in Nashville, which Trump vowed to perform on his first day back in the Oval Office ending what he once described as the ‘anti-crypto crusade’ of the SEC head Gensler. 

It has paid him a lot of political capital from serious crypto players, who are funding his run for the White House. Bettors on Polymarket gave Trump’s possible re-election a 52.4% chance, and this has light at the end of the tunnel for those wanting to see better and fairer crypto regulation.