The United States Agency for International Development (USAID) is underneath hearth proper now as US President Donald Trump and his adviser, Elon Musk, implement their bureaucratic cost-cutting marketing campaign.
According to experiences, many tasks threat dropping funding and help, and 1000’s of jobs now cling within the stability. However, USAID’s issues don’t finish right here; the company can be going through criticism from the crypto neighborhood over its alleged questionable funding of a ebook linking Bitcoin to right-wing extremism.
The newest character to focus on the company is Cardano’s founder, Charles Hoskinson, who says that it’s funding tasks to painting cryptocurrency as a device for “right-wing extremism.”
Hoskinson shared his ideas on USAID’s doable position, describing the present scenario as “garbage” and admitting that he’s pissed off with the stream of online misinformation occurring nowadays.
USAID’s Funding In The Spotlight
Hoskinson’s tirade towards the company stemmed from a put up made by WikiLeaks on February tenth. According to the put up, David Golumbia, the creator of “Cyberlibertarianism: The Right Wing Politics of Digital Technology,” obtained round $80,000 in authorities grants.
Golumbia was additionally the creator of “The Politics of Bitcoin: Software as Right-Wing Extremism.”
So apparently, USAID is funding the manufacturing of propaganda that claims Bitcoin is right-wing extremism.
I’m so finished with this rubbish https://t.co/hG9ViJiW0A
— Charles Hoskinson (@IOHK_Charles) February 10, 2025
These books, purportedly funded by USAID, discovered hyperlinks between Bitcoin and right-wing ideologies. The books are actually a studying checklist for school lessons at Duke University and the University of Southern California.
Some critics instantly pounced on these revelations from WikiLeaks, questioning whether or not these establishments had fact-checked these books earlier than seeing print.
Hoskinson Condemns Negative Propaganda Vs. Bitcoin
Hoskison is among the key personalities who has been defending Bitcoin and blockchain know-how towards unfavorable propaganda. He explains that Bitcoin works as a decentralized monetary system and doesn’t match into any particular political system. He blasted USAID for implying that Bitcoin is a device for right-wing extremism, calling it “a garbage argument.”
BTCUSD buying and selling at $97,797 on the day by day chart: TradingView.com
Other Bitcoin and blockchain supporters have persistently supplied counterarguments, saying that propaganda goals to advertise financial freedom and monetary inclusion. Many crypto supporters say that propaganda belittles the contributions of decentralized applied sciences like Bitcoin.
BTC Price Remains Shaky
Like USAID, Bitcoin has been within the limelight recently, persevering with its sideways value actions near the $100k stage. The prime digital asset trades above $97k, displaying its resilience amid the political noise and financial coverage shifts.
Based on present market dynamics, plainly market members are once more ready for an additional set of drivers that may push the flagship crypto’s value above $100k.
Also, different nations are pushing for crypto laws and creation of reserves. Recently, Japan introduced that it’s tweaking its laws, with plans to categorise cryptocurrency belongings as monetary merchandise.
Featured picture from Gemini Imagen, chart from TradingView
