Cardano founder Charles Hoskinson has strongly criticized USAID for funding research that links Bitcoin to right-wing extremism. The controversy emerged after WikiLeaks revealed an $80,000 government grant for books connecting cryptocurrency with extremist ideologies.
Understanding the Controversy
USAID faces backlash from the crypto community over its funding of author David Golumbia’s works. His books, including ‘The Politics of Bitcoin: Software as Right-Wing Extremism,’ have sparked heated debate. Major universities now use these texts in their curriculum.
Crypto Community Response
Hoskinson leads the charge against what he calls ‘propaganda.’ He emphasizes Bitcoin’s role as a neutral financial technology. The crypto community supports his stance. They highlight Bitcoin’s core purpose of financial inclusion.
Market Impact Analysis
Bitcoin shows resilience despite the controversy. It trades near $97,000, approaching the crucial $100,000 mark. The market appears unfazed by political discussions. Institutional interest remains strong.
Global Regulatory Landscape
Japan’s move to classify crypto as financial products signals growing mainstream acceptance. This contrasts sharply with USAID’s narrative. More countries are developing clear crypto frameworks.
Advertisement
Trade with confidence on DefX – Up to 100x leverage on perpetual futures
Looking Ahead
The debate highlights growing tensions between traditional institutions and crypto innovation. Bitcoin’s technology continues to evolve beyond political narratives. Market fundamentals remain strong.
Tags: Bitcoin, Cardano, USAID, Cryptocurrency Regulation, Charles Hoskinson
Source: Bitcoinist