Solana Co-Founder Says US Democrats May Target Crypto Instead of Data Centers
Minseung Kang
Summary
- Anatoly Yakovenko said regulatory pressure from the US Democratic Party could turn toward the cryptocurrency industry.
- He said no one is actually trying to stop data-center construction, so the Democratic Party's anger is likely to focus on crypto.
- He said the cryptocurrency industry should prepare for the possibility of becoming a scapegoat for political and regulatory pressure.
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Anatoly Yakovenko, co-founder of Solana Labs, said regulatory pressure from the US Democratic Party could turn toward the cryptocurrency industry.
On Nov. 6, Yakovenko wrote on X, formerly Twitter, that he believes Democrats' anger will focus on crypto because no one is actually trying to halt data-center construction.
He added that the crypto industry should brace for the possibility of becoming a scapegoat for political and regulatory pressure.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.