“Death of Crypto in America” – Cardano Founder Reveals Whether Trump or Biden is Better for Crypto

“Death of Crypto in America” – Cardano Founder Reveals Whether Trump or Biden is Better for Crypto

let me ask you something that I feel like is on everybody’s mind in crypto and that’s that you know the first time ever crypto is an election issue so you live in the US cardano operates around the world but the US is a big Market Donald Trump seems to be a lot more crypto-friendly than Joe Biden how would crypto in the US look like in a trump presidency versus a Biden presidency how big of a difference is there in what ways I’m not asking you to endorse anybody I’m just asking you to help us understand the difference yeah this is the first election since Grover Cleveland versus Benjamin Harrison where two US presidents are running against each other um and uh you know Trump was President for four years and Biden was President for four years the Trump Administration wasn’t particularly Pro crypto uh but they weren’t particularly anti- crypto crypto wasn’t large enough for to reach that level so while the treasury secretary was anti- crypto Trump himself was ambivalent um now happened in four years crypto’s gone through a mega bull cycle and it’s gotten to a point where it’s definitely a an issue on everybody’s tongue and the differences between the two candidates couldn’t be more clear in the case of trump he figured out how to make money from crypto and there’s one axium about Trump honesty flows from economics uh so because he can make money from it it’s always going to be part of his stick and he’s raising lots of crypto money and he’s doing nfts and Truth social at some point will be a crypto Haven um by Biden and has spent the last four years conducting a systematic war on crypto and anybody who tells you otherwise is a partisan who’s being dishonest it’s objectively true all the major exchanges have received Wells notices um major projects have received Wells notices uh chokepoint 2.0 is underway where people are being deplatformed and debanked uh anti- Clarity has come in where things like ethereum not being security has apparently been reversed uh even though the SEC was the one who declared it in the first place and attempts to legislate have been curtailed like for example when the Senate overwhelmingly in a bipartisan fashion tried to repeal sa21 the president vetoed it his own Administration has written numerous reports basically calling crypto snake oil and has no use or utility um these are just facts and I and I’m sorry if you’re a Democrat and you know people uh want to vote for Biden maybe you want to vote for him for a different issue and you love the his policy but you have to acknowledge and concede that he’s outsourced his policy to Elizabeth Warren um and what she’s decided to do is Staff the treasury Department with people who basically want to kill crypto in the United States uh so we as an industry have some hard choices because people a lot of our people are industry are young and are not Republican and are not right-wing and so they don’t want to vote for Trump and they don’t want to vote for conservative option which is why you notice there’s a lot of pro crypto people myself included uh who are going to Robert Kennedy in this particular election and I actually met with Robert Kennedy down in Austin Texas and I’ve never in my life met a political candidate uh who has such a raw curiosity and intellect for issues and also such a great legacy for example when I mentioned the Securities Exchange Act of 1933 he’s like yeah my grandfather wrote it it was the first commissioner it’s like yeah okay that’s that’s a pretty good Legacy and he’s had a front row seat to American politics since 1961 at the highest level because his uncle was the president his dad almost became the president but just got shot so uh obviously there’s that that’s a good thing to have some diversity there but uh unfortunately Biden is is not going to give us anything and it has become an issue because at least 53 million Americans own cryptocurrency the majority young the majority Democrat which translates to if you’re taking money out of their pocket and hurting their gains uh them saying hang on a second here Joe Biden just hurt my portfolio you a political candidate in election probably defi decided by less than 3% of the vote don’t want to be in a situation where you just alienated 53 million people arbitrarily and capriciously for the benefit of large financial institutions not for the common man so uh this is definitely an issue and Biden’s trying to moderate a little bit but he just can’t help himself had he moderated he should have allowed Sab 121s repeal to go through instead he vetoed it had he moderated a little bit he could call for the resign a of chairman gendler uh had he moderated a little bit he could have looked at the passage of fit 21 with 70 plus Democrats voting on it as a opportunity to work with the Republicans and the Senate uh to basically pass comprehensive crypto reform and as an industry we’ve been very happy because it would have created complete Clarity on what is a commodity and what is the security and how the cftc and the SEC are going to work together to handle that 60 plus major cryptocurrency companies got together to support fit 21 instead he refuses to work with them and instead he wants to continue the uh legislation through enforcement and the anti-ar and also the dishonesty of things like for example saying uh come in and register well coinbase tried to do that for two years and had broker dealer licenses not only were they not allowed to do that as a publicly traded company they got sued that’s just the most dishonesty you can you can bring in when you say is your talking points this is an issue of non-compliance when everybody actually knows there is no way to comply by Design it’s a Kafkaesque regulation through enforcement policy and this is 100% owned by the Biden Administration Trump did not do this uh there were some edge cases in here and there like the Henman case or the suit of Ripple uh but those were more one-offs of particular small power structures but there was not an all of government approach where the goal was to kill crypto and when people go in November you have to really ask yourself what matters to you if you believe cryptocurrency and blockchain is going to be formative in the economic political and social systems of America and part of the antidote to get us out of this uh then vote that way if you don’t care about these things then do understand a vote for Biden is a vote for the death of the American cryptocurrency industry and it’s deeply personal to me not just because I’m a cryptocurrency entrepreneur but because I got a letter um a little while ago from the Swiss government inviting me to a 10year anniversary to the founding of ethereum and the letter the second page of It kind of broke my heart a little bit it was very Bittersweet they mentioned that since we formed ethereum in uh Switzerland 1,290 businesses cryptocurrency businesses were formed there and the total value of those businesses is over $380 billion so when you think about that you ask yourself how many of those businesses would be formed in the United States of America had we had regulatory claim how much of jobs were created and that’s just Switzerland not Singapore not Abu Dhabi not Dubai you’re probably looking at over a trillion dollars of value hundreds of thousands of jobs and tens of thousands of businesses over the next five or 10 years and what that would translate to is improving not only the GDP of America but also helping us pay off our national debt and make our money better and these types of things by seeding all of that that’s basically like saying take Microsoft Google and apple and Tesla and just go put them all in Germany or go put them all in Abu Dhabi or something like that how many times can we do that as a country before we go bankrupt how many revolutions can we miss out on before America collapses as the nation state so that’s the real life consequence of this policy it’s not number go up or number go down or bitcoin’s not going to do as well or ethereum is not going to do as well it translates to we as a country have higher unemployment we as a country have less jobs uh we as a country have less economic competitiveness and ultimately we collapse as a country if we keep doing this and this is directly at the feet of the Biden Administration and they have shown no desire to work with our industry it’s anti- Desir so come November do understand that these elections do have consequences and my recommendation is choose a candidate who’s Pro crypto at every level from the local to the federal and it doesn’t have to be a republican it could be a third party any vote outside of this is expressing your interest in that that respect you got to get out there and boat this year is hugely important be sure to click subscribe we drop a video every single day keeping you informed about crypto

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