Charles Hoskinson, the founder of Cardano blockchain, has criticized a memo from the Democrat Committee on digital asset regulation and urged US citizens to prioritize the issue in upcoming elections. The memo, which was circulated among Democrat Committee members, has sparked debates and drawn criticism from prominent figures in the crypto community.

The memo urged the Democrat Committee members to support the Securities and Exchange Commission's claim of total authority over crypto regulation and classified most cryptocurrencies as securities. Hoskinson believes that the memo is a sign that the government is gearing up to crack down on cryptocurrencies and urged crypto enthusiasts to vote for candidates who support pro-crypto policies.