Regulation
Charles Hoskinson Contests Elon Musk & Robert Kiyosaki On Trump RNC Speech
In a recent series of public statements, prominent tech and financial figures weighed in on former President Donald Trump’s speech at the Republican National Convention (RNC). While some hailed it as a masterclass, others saw it as a missed opportunity. The debate was notably highlighted by Cardano founder Charles Hoskinson’s critical stance against supportive comments from Elon Musk and Robert Kiyosaki.
Charles Hoskinson Criticizes Trump’s RNC Speech
Cardano creator Charles Hoskinson offered deemed Donald Trump‘s latest speech as one of the “biggest missed opportunities.” Hoskinson stated, “I couldn’t help but think it was one of the biggest missed opportunities for a powerful, emotional, and unifying timeless piece of speechcraft.” He argued that instead of delivering a visionary address, Trump’s speech was marred by reflections on past grievances and policy disputes.
Hoskinson lamented that the speech did not address many important issues. In addition, he called it a “sad” moment for the Republican party but expressed confidence in Robert Kennedy Jr. as a potential unifying leader. The Cardano founder further highlighted the current state of the Democratic Party.
He described it as “a headless government and platform” with Biden being “actively replaced behind the scenes.” He emphasized the need for genuine leadership and democratic consent. Additionally, Hoskinson criticized the notion of an open convention replacing the primary process.
He suggested that America desperately needs a unifying vision and leadership. The Cardano founder contrasted Trump’s RNC speech with Ronald Reagan’s 1980 acceptance speech and his first address to Congress after being shot, both of which he considered exemplary.
Also Read: Elon Musk Ends This Feature On X Amid Trump vs. Biden Saga
Elon Musk & Robert Kiyosaki’s Comments
James Calacanis, a well-known entrepreneur and angel investor, praised Trump’s ability to connect with a wide audience. He claimed, “Trump is flipping every moderate I know… and many life-long democrats, by speaking to all Americans in a way that the democrats have forgotten how to do.”
Calacanis emphasized the importance of a positive message and the need for Democrats to create a “big, non-judgmental tent” and truly listen to their constituents. Elon Musk, CEO of Tesla and SpaceX, echoed Calacanis’ sentiments by agreeing with his statement.
Meanwhile, Robert Kiyosaki, renowned author and Bitcoin advocate, lauded Trump’s performance at the RNC. He described the event as “electric on fire” and Trump as “amazing” and “bullet proof.” Moreover, Kiyosaki criticized President Joe Biden and his administration.
In addition, Kiyosaki accused them of increasing inflation and compromising national security. He asserted that Trump’s plan was simple: “Do business or get poor. Keep America’s military strong or we kick your ass. Bring jobs back and get America producing. Stop handing out welfare checks. And drain the swamp of blood-sucking government bureaucrats.”
Kiyosaki expressed his belief that Trump, along with JD Vance as Vice President, would ensure 12 years of sound governance. Additionally, he expects Trump leadership to make “America great, rich, and powerful again.”
As the 2024 presidential election approaches, these divergent views reflect the broader national discourse. The contrasting opinions of Elon Musk, Robert Kiyosaki, and Charles Hoskinson offer a snapshot of the intense debate that will reshape the political landscape. Moreover, crypto stalwarts like Vitalik Buterin opposed single issue voting for pro-crypto candidates like Trump.
Also Read: Donald Trump’s Big Money Raise From Bitcoin Conference Is Bullish For Crypto
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
USDC issuer Circle is reportedly set to file its initial public offering (IPO) in April as part of the firm’s plans to finally go public. The stablecoin issuer is allegedly already working with top financial institutions to achieve this move.
Circle To File IPO In Late April
According to a Fortune report, Circle is looking to file its IPO in late April, although the listing period remains uncertain. The report noted that when a company files to go public, its shares usually begin trading four weeks later, indicating that the listing could occur in May. However, there is also a scenario where the IPO process could drag on for months.
The stablecoin issuer is reportedly working with investment banks JPMorgan Chase and Citi to achieve its long-anticipated IPO. The firm had previously tried to go public in 2021 under a SPAC arrangement with a shell company.
The US SEC failed to sign off on this arrangement back then, and the company eventually scrapped these IPO plans by the end of 2022 when the crypto exchange FTX collapsed and the broader crypto market experienced a downturn.
Revelation about Circle’s IPO plans comes just days after the stablecoin issuer partnered with NYSE’s parent company to explore USDC’s use in traditional finance (TradFi). Meanwhile, the USDC stablecoin recently launched in Japan following approval from the country’s regulator. Notably, USDC is the first and only global dollar stablecoin approved under Japan’s stablecoin framework.
An Easier Path Now For The Stablecoin Issuer
Circle will likely face less resistance for its IPO plans under the current SEC administration. Under acting Chair Mark Uyeda, the Commission has shown its willingness to work hand in hand with crypto firms, which was missing under Gary Gensler’s administration.
US SEC Chair nominee Paul Atkins has also shown his willingness to change the approach that Gensler’s administration adopted towards crypto firms. During his nomination hearing, the SEC Chair nominee promised to prioritize providing regulatory clarity for the industry.
Circle’s IPO listing would be the biggest since the top crypto exchange Coinbase went public in 2021. Interestingly, Coinbase owns an equity stake in the crypto firm.
The firm’s USDC is currently the second-largest stablecoin by market cap, only behind Tether’s USDT. The stablecoin industry is heating up as more financial institutions look to develop their own stablecoin.
Donald Trump’s World Liberty Financial recently revealed plans to launch its USD1 stablecoin, while asset manager Fidelity is also considering doing so.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrency investors in Japan are bracing for impact following a plan to reclassify digital assets as financial products. While the plan has elicited excitement from cryptocurrency enthusiasts in the Far East, the ambitious plan will have to scale several legislative hurdles.
Japan Targets Reclassification Of Cryptocurrencies As Financial Products
According to a report by Nikkei, Japan’s Financial Services Agency (FSA) is inching toward classifying cryptocurrencies as financial products. Per the report, the FSA intends to achieve the reclassification via an amendment to the Financial Instruments and Exchange Act.
Currently, digital assets in Japan are considered crypto assets conferred with property rights and seen as payment means. Under the FSA’s plans, cryptocurrencies in Japan will be treated as financial products in the same manner as traditional financial products.
The FSA says it will adopt a slow and steady approach toward the reclassification, carrying out “a private expert study group” to test the waters. If everything goes according to plan, the FSA will submit the amended bill to Parliament in early 2026.
The classification of cryptocurrencies as financial products will have far-reaching consequences for the local ecosystem. Experts say treating cryptocurrencies as financial products will bring Japan closer to a crypto ETF launch amid a changing regulatory landscape.
Furthermore, the move may lower current cryptocurrency taxation for local investors since existing capital market rules will apply to the asset class.
A Fresh Bill For Crypto Insider Trading Is Underway
Apart from the reclassification, the FSA disclosed plans for new legislation against insider trading. The move flows treating cryptocurrencies as financial products and will strengthen existing investor protection rules.
“It is a direction to establish a new insider trading regulation that prohibits trading based on unpublished internal information,” said the FSA. “We will develop laws to prevent unfair transactions.”
However, Japan’s cryptocurrency scene is heating up to a boil, driven by local and international players. Last week, stablecoin issuer Circle secured approval from the FSA for USDC with top exchanges set to list the stablecoin.
Japan’s Metaplanet has tapped Eric Trump to join its Strategic Board of Advisors as it continues to load up Bitcoin.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In what is being dubbed a major development in the crypto regulation space, the Governor of the US state of Kentucky, Andy Beshear, has signed the ‘Bitcoin Rights’ bill into law. The law promises to safeguard protections for Bitcoin (BTC) users.
Bitcoin Rights Bill Comes Into Effect
Crypto regulations continue to evolve under pro-crypto US President Donald Trump’s administration. In the latest development, Kentucky has become the newest state to enshrine protections for digital asset users.
In an X post published on March 24, crypto advocacy group Satoshi Action Fund announced that Governor Beshear had signed the much-anticipated Bitcoin Rights bill into law. The post stated:
The right to self-custody, run a node, and use of digital assets is now protected for millions of Americans without fear of discrimination.
The bill was first introduced to the Kentucky House by Rep. Adam Bowling on February 19. According to the bill’s description, it seeks to safeguard users’ rights to use digital assets and self-custody wallets. Additionally, it aims to prohibit local zoning changes that discriminate against crypto mining operations.
The legislation outlines guidelines for running a digital asset node and excludes digital asset mining from money transmitter license requirements. It also clarifies that crypto mining or staking is not considered an offer or sale of securities.
On February 28, the bill passed Kentucky’s House of Representatives with a unanimous vote of all 91 representatives in favor. It later passed the Kentucky Senate on March 13, receiving backing from all 37 senators.
Kentucky’s proactive stance toward cryptocurrencies isn’t new. Earlier this year, the state became the 16th US state to introduce legislation seeking to create a Bitcoin strategic reserve.
Meanwhile, neighboring state Arizona is also joining the crypto movement. A recent X post by Bitcoin Laws revealed that Arizona’s House Rules Committee has passed two Bitcoin reserve bills — SB1373 and SB1025. These bills will now head to a full floor vote.
Renewed Optimism Under Trump Administration
Following Trump’s victory in the November presidential election, cryptocurrency regulations in the US are evolving rapidly, with many states introducing legislation aimed at strengthening their digital asset ecosystems and attracting crypto businesses.
Positive changes in crypto regulations are encouraging industry businesses to expand. For instance, leading crypto trading platform Coinbase recently announced plans to hire 1,000 employees in the US.
The Trump administration has also witnessed several lawsuits being dropped against major crypto entities, including Kraken, Coinbase, Gemini, and others. At press time, Bitcoin trades at $87,399, down 0.2% in the past 24 hours.
Featured Image from Unsplash.com, chart from TradingView.com
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