Charles Hoskinson, one of the co-founders of Input Output Global and the Cardano blockchain ecosystem, has strongly disagreed with Ethereum co-founder Vitalik Buterin’s recent statement advising against choosing political allegiances solely based on a candidate’s position 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 think twice before targeting the crypto industry if they understand the potential electoral consequences.
Hoskinson also believes that voting for Joe Biden would negatively impact the American crypto industry. He believes that making crypto a decisive voting issue will force politicians to moderate their stance and refrain from actions that could harm the industry.
Vitalik Buterin recently expressed his concerns, cautioning voters against supporting political candidates who claim to support cryptocurrencies without fully understanding the technology’s underlying principles and objectives.
Buterin’s article emphasizes that the crypto movement’s original values, 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 focusing solely on “pro-crypto” candidates may result in supporting politicians whose broader values may not align with those of the crypto community. He emphasizes the importance of considering a politician’s overall vision for technology, privacy, and internationalism, rather than just their stance on cryptocurrency.
However, Hoskinson disagrees and suggests that in the 2024 elections, voters should prioritize candidates who are friendly towards crypto 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 risk losing votes.
The merging of cryptocurrency and politics is expected to have a significant 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.
Cryptocurrency is taking center stage in a major election for the first time, with leading candidates actively discussing its impact. This marks a notable departure from previous campaigns where it played a smaller role, such as Andrew Yang’s.
Magazine: Crypto voters are already disrupting the 2024 election — and it’s set to continue.