In a series of scathing posts on social media, Charles Hoskinsonthe founder of the Cardano (ADA) blockchain, has sharply criticized the Democratic Party’s stance on the crypto industry, particularly the actions and perceived intentions of Vice President Kamala Harris.

Hoskinson’s criticism stems from a perceived lack of clear, tangible support for the crypto ecosystem from the current administration, which he says has instead pursued a “brutal” approach to the industry.

Cardano founder calls for specific policy proposals and explanations from VP Harris on the government’s approach to regulating digital assets.

Cardano founder skeptical of Harris’ crypto promises

In one of his posts, Hoskinson responded to comments made by Brian Nelson, a policy adviser to VP Harris, who mentioned that the vice president will support policies that ensure emerging technologies. However, Hoskinson’s answer was skeptical and wanted to know the details of this policy:

No specific policy or proposal. Just talk. Will Gary be fired? What legislation do you support? What executive actions will be taken? Why have you NOT changed policy NOW since you became president. I am sorry there is NO trust. We need specific, tangible action.

The Cardano founder also criticized the government’s previous actions, explanatory that after 3 years of “brazen abuse” of the industry, pushing anti-clarity, emphasizing the industry’s thirst for actionable strategies over mere rhetoric. Hoskinson further stated:

So after 3+ years of brutally abusing the industry, pushing anti-clarity, preventing legislation, and declaring everyone from the protocols to the exchanges criminals, Harris is somehow going to magically wake up and become pro-crypto? No need to even fire Gary… Force Harris to set specific policies BEFORE the election. Make her explain why the Biden administration did what it did to us. Who will get fired? We deserve an explanation.

Trump’s pro-crypto stance clashes with Harris’ ambiguity

Hoskinson’s criticism contradicts the more vocal support for the cryptocurrency industry. Former President Donald Trump, who has vowed to become the first “crypto president,” voiced support for using Bitcoin to pay off the country’s debt and even called for the fire of the SEC chairman on the first day of his term.

This clear support from the Republican Party stands in stark contrast to the lack of support from the Democratic Party and VP Harris. This has led to growing concerns within the crypto community about the future of the industry under a potential Harris presidency.

Alex Thorn, head of research at Galaxy Digital, sounded the alarm, predicting a bumpy road ahead for crypto if Harris were to take the presidency. Thorn’s analysis pointed to Harris’s choice of advisors, including figures known for their anti-crypto sentiment, as harbingers of an ongoing crackdown on the sector.

At the time of writing, ADA, Cardano’s native token, is trading at $0.3720, up almost 2% in the past 24 hours. Cardano has seen a price increase of almost 10% in the past week alone.

Main image of DALL-E, chart from TradingView.com