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Cardano’s Charles Hoskinson Says Don’t You Dare Blame Recent Bank Failures On Crypto
One of the leading voices in cryptocurrency does not want digital assets associated with banking collapses
In the midst of already trying economic times, recent collapses of several banks has sent the financial world into a tizzy. Although emergency cash and lenders have helped prop these failing institutions up, their decline, along with that of large European bank Credit Suisse which went through a similar experience this past week, has generated a not insignificant panic from many wanting to know what will happen next. No matter what that is, cryptocurrency Cardano’s (ADA) founder Charles Hoskinson wants everyone to know you better not blame crypto for all this trouble.
When things go wrong on such a massive level, with literally billions of dollars at stake, the search for those responsible, or even scapegoats, is on. This includes some politicians who want to throw shade the way of the as-yet regulated digital assets. Hoskinson has been proactive in trying to get out the word that he doesn’t believe any of this should land on the doorstep of crypto. In a recent public statement, he emphatically encouraged people to not listen to any negativity trying to connect bank collapses with cryptocurrency:
