In an ask-me-anything (AMA) session on YouTube, the creator of Cardano (ADA), Charles Hoskinson, reminded the world that cryptos have politics within its very roots. He said that the proponents of crypto must prepare themselves for more political pressure in the coming days. This is because, in Hoskinson’s own words, cryptocurrencies are inherently political.
Hoskinson explained that the very mission of cryptos is to ultimately change the nature of money by creating various monetary systems outside the boundary control of any government. Evidently, this will lead to heavy shifts within both the political and communal landscape. Thus, advocates must ready themselves for further backlash.
He further expounded with this warning by stating that the wholesale adoption of cryptos will change everything. From trade to law changes, everything will not be the same. The impact of it can reach far beyond money itself.
Regulators battle with encryption
Hoskinson also said that there are people in both the Senate and Congress right now all over the world who are in complete opposition with cryptocurrencies. The head behind Cardano then encouraged the crypto community to stand together and fight these constraining efforts brought by such regulators.