en
Back to the list

Charles Hoskinson wants a Washington rally as the Senate ‘failed the crypto industry’ | Invezz

source-logo  invezz.com 10 August 2021 09:21, UTC

The US Senate recently decided not to amend the bill in regards to the cryptocurrency taxation that is interpreted by the community as very damaging for certain members. The decision was greeted with rage by the crypto industry’s participants, with some even willing to take the matter to the streets, as they feel the authorities have failed them.

Interestingly, Charles Hoskinson, the creator of Cardano (ADA/USD) and CEO of IOHK, also finds himself in this group. Hoskinson published more than one angry tweet about making phone calls that he expects will result in a rally in Washington D.C.

I think it's about time we get a rally going in Washington DC. I'm going to make some phone calls. More on this later

— Charles Hoskinson (@IOHK_Charles) August 9, 2021

Cardano’s creator enraged by the Senate’s decision

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

As some likely know, a number of Senators, including Bernie Sanders (D-VT) and Richard Shelby (R-AL) stood up against the amendment, supposedly because they could not agree about military spending. Hoskinson, on the other hand, decided that enough is enough, and that “these 87-year-old living fossils,” as he called them, are showing to the world that they are willing to sell the future of the country’s economy.

Hoskinson did not hold his rage back, and he declared that he has no intention of living in a ‘dying empire.’ However, he also doesn’t want to relocate to another country. So, the billionaire came to the conclusion that fighting is the only thing left to do.

The community’s reactions to Hoskinson’s battle cries differed from extreme support to warnings about what might happen if he goes through with his intentions.

Like a "storm the capital, stop the steal" type rally? Best to re-think that.

— Chris Williams (@AskChrisW) August 9, 2021

And, of course, there were also those who don’t expect to see any difference, but would rather see Hoskinson return his focus on developing Cardano, rather than challenging the lawmakers.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
10/10
67% of retail CFD accounts lose money
Visit site
invezz.com