Solana Co-Founder Says Democrats May Target Crypto Instead of Data Centers
Summary
- Anatoly Yakovenko said regulatory pressure from the U.S. Democratic Party could turn toward the cryptocurrency industry.
- Yakovenko said he believes Democrats will focus their anger on crypto, adding that "no one is trying to stop the construction of data centers."
- He said the crypto industry should prepare for the possibility that it becomes a scapegoat for political and regulatory pressure.
Forecast Trend Report by Period
Anatoly Yakovenko, co-founder of Solana Labs, said regulatory pressure from the U.S. Democratic Party could be directed at the cryptocurrency industry.
In a post on X on Nov. 6, Yakovenko wrote that he believes Democrats will focus their anger on crypto because "no one is actually trying to stop the construction of data centers."
He added that the crypto industry should prepare for the possibility of becoming a scapegoat for political and regulatory pressure.
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