Cardano Founder Charles Hoskinson: Not Cryptocurrencies That Cause US Banking Crisis

Cardano founder Charles Hoskinson denies politicians who accuse cryptocurrencies of causing bank collapse in the US. (Photo; Doc. Inside Bitcoins)

JAKARTA - The banking crisis in the United States is inevitable due to various internal problems in the financial industry itself. However, some politicians are trying to blame the crypto industry for causing the problem. Charles Hoskinson, creator of Cardano (ADA), rejected the claim.

Hoskinson invites digital asset investors to assess crypto as a different issue amid the collapse of the US bank. In this case, politicians and central banks are referred to as creators of the banking crisis and those who blame crypto for being a distraction.

Cardano (ADA) creator Charles Hoskinson has criticized politicians who blamed the United States banking crisis on the crypto industry. In a recent statement, the Chief Executive Officer of Hong Kong's Input Output (IOHK) urged digital asset investors to become crypto voters on one issue and ignore the noise made by politicians and central banks.

"The central bank and politicians created this banking crisis, and now they blame crypto. Don't get caught up, and create a list to remember when the election time arrives. Be a crypto voter as an issue," Charles Hoskinson said.

Hoskinson refers to a statement made by John Van Overtveldt, a member of the European Parliament who advocates banning digital assets due to the deepening banking crisis.

Van Overtveldt said, "Other learning can be learned from today's banking chaos. Implement a strict ban on crypto. Spectulative poison and no economic or social added value. If a government bans drugs, it should also prohibit crypto."

Responding to the invitation of Overtveldt to ban digital assets, leading crypto analyst PlanB also said that central banks "don't know" what they're doing. "Non-maths... why and how? I think a lesson that can be learned from today's banking chaos (and earlier in 2008) is that banks (centrals) don't really know what they're doing with QE (quantitative easing), and absolutely don't know what Bitcoin is."