Charles Hoskinson, one of the co-founders of Input Output Global and the Cardano blockchain ecosystem, has strongly contradicted Vitalik Buterin, the co-founder of Ethereum, regarding his recent advice against choosing political allegiances solely based on a candidate’s stance on cryptocurrency.
In a post on X platform, Hoskinson argues that the crypto community should adopt a single-issue voting strategy that focuses on supporting candidates who are pro-crypto. He believes that politicians will be more cautious about targeting the crypto industry if they understand the potential electoral consequences.
Hoskinson also believes that voting for Joe Biden would have a negative impact on the American crypto industry. He believes that making crypto a decisive voting issue will compel politicians to moderate their stance and avoid actions that could harm the industry.
Vitalik Buterin recently expressed his concerns, warning voters not to support political candidates who claim to support cryptocurrencies without fully understanding the underlying principles and objectives of the technology.
Buterin’s article emphasizes that the original values of the crypto movement, inspired by the cypherpunk ethos, aim to promote overall freedom and decentralization beyond just financial freedom. He also highlights the potential dangers of aligning with authoritarian regimes that support crypto for their own benefit while suppressing individual freedoms.
Buterin warns that solely focusing on “pro-crypto” candidates may lead to supporting politicians whose broader values do not align with those of the crypto community. He emphasizes the importance of considering a politician’s overall vision for technology, privacy, and internationalism instead of just their stance on cryptocurrency.
However, Hoskinson disagrees and suggests that voters in 2024 should prioritize crypto-friendly candidates and make it a single-issue voting point. By doing so, politicians will be motivated to moderate their stance and refrain from interfering with the industry, as they would risk losing votes.
The merging of cryptocurrency and politics is expected to have an impact on the 2024 US presidential election, as candidates’ crypto-related policies and views on blockchain innovation become crucial factors in voters’ decisions. A November 2023 Harris Poll conducted for Grayscale revealed that almost half of American voters (47%) plan to include cryptocurrency in their investment portfolio in the future.
For the first time, cryptocurrency is taking center stage in a major election, with leading candidates actively discussing its impact. This marks a significant departure from previous campaigns where it played a smaller role, as seen in Andrew Yang’s campaign.
Magazine: Crypto voters are already disrupting the 2024 election — and it’s set to continue.