Cardano (ADA) Founder Charles Hoskinson is against the White House’s support for the bipartisan infrastructure bill seeking to generate partial funding for power and transportation by introducing cryptocurrency taxation.
The development has angered the crypto community with many vying to oppose the stringent regulatory methods the government is trying to impose on “crypto brokers.”
Charles Hoskinson believes that more damaging measures could be meted out on the industry if this onslaught isn’t resisted.
“If something like an infrastructure bill can be used so dramatically to change the face of our entire industry and the compliance requirements, then we have to understand that this is the first of many salvos that are coming our way, so it’s incredibly important that we attach political consequences to attacks on our industry.”
An update on the situation is expected tomorrow.