Cardano founder Charles Hoskinson has publicly condemned the U.S. Agency for International Development (USAID) for financing a book that associates Bitcoin with right-wing extremism.
His criticism adds to the ongoing debate over the portrayal of cryptocurrencies in public discourse.
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USAID Faces Criticism Over Bitcoin Allegations
According to WikiLeaks, USAID provided financial support for a book that links Bitcoin and cyberlibertarianism to right-wing ideologies.
Titled Cyberlibertarianism: The Right-Wing Politics of Digital Technology, the book was written by David Golumbia and published by the University of Minnesota Press.
Reports indicate that the book received more than $80,000 in U.S. government funding.
Took to social media to voice his frustration, labeling these claims about Bitcoin as “garbage.”
Trump Administration Freezes USAID Funding
This controversy emerges amid heightened scrutiny of USAID’s activities. The Trump administration recently enacted an executive order imposing a funding freeze on the agency, which has affected its global humanitarian programs.
Some reports also suggest that several USAID staff members are currently on leave, raising questions about the agency’s future operations.
In support of Hoskinson’s stance, Representative French Hill, chairman of the House Financial Services Committee (HFSC), recently weighed in on USAID’s spending.
He mentioned that Elon Musk’s Department of Government Efficiency (DOGE) is reviewing the agency’s budget.
Additionally, Secretary of State Mike Rubio, who oversees USAID, is expected to play a key role in determining its future funding.
Debate Over Bitcoin’s Portrayal Continues
Hoskinson’s remarks reflect broader concerns within the cryptocurrency community about how Bitcoin is represented in government-backed research.
Many Bitcoin advocates argue that such narratives are designed to discredit decentralized technologies, which they view as essential for financial inclusion and economic freedom.
The debate underscores the ongoing tension between regulatory institutions and the proponents of digital assets.
