The US Bureau for International Development (USAID) is on fire right now when US President Donald Trump and his advisers, Elon Musk, are conducting their bureaucratic cost -saving campaign.
According to reports, many projects risk losing funding and support, and thousands of jobs are now in balance. However, USAID’s problems do not end here; The agency is also facing criticism from Crypto Community over its alleged questionable funding of a book that links Bitcoin to the right extremism.
The latest personality to target the agency is Cardano’s founder, Charles Hoskinson, who says it is funding projects to produce Cryptocurrency as a tool for “right extremism.”
Hoskinson shared his thoughts on USAID’s possible role and described the current situation as “rubbish” and admitted that he is frustrated by the stream of Online error information Walks these days.
USAID’s funding in the limelight
Hoskinsons Tirade against the agency descended from a post from Wikileaks on February 10. According to The Post, David Golumbia, the author of “Cyberliberarianism: The Right -Right Policy for Digital Technology”, received about $ 80,000 in government grants.
Golumbia was also the author of “The Politics of Bitcoin: Software as right-wing extremism.”
So apparently USAID funds the production of propaganda that says Bitcoin is right extremism.
I’m so done with this garbage https://t.co/hg9vijiw0a
– Charles Hoskinson (@iohk_Charles) February 10, 2025
These books, allegedly funded by USAIDFound links between bitcoin and right ideologies. The books are now a reading list for college classes at Duke University and the University of South California.
Some critics immediately encountered these revelations from Wikileaks and questioned whether these institutions had fact controlled these books before they saw pressure.
Hoskinson condemns negative propaganda vs. Bitcoin
Hoskison is one of the most important personalities that has defended Bitcoin and Blockchain technology against negative propaganda. He explains that Bitcoin acts as a decentralized financial system and does not fit into any specific political system. He blasted USAID to imply that bitcoin is a tool for Right extremismcalls it “a debris argument.”
BTCUSD trading at $97,797 on the daily chart: TradingView.com
Other bitcoin and blockchain supporters have consistently offered counter -arguments and say that propaganda aims to promote financial freedom and economic inclusion. Many cryptos supporters say that propaganda reduces contributions from decentralized technology such as Bitcoin.
BTC price remains shaky
Like USAID, Bitcoin has been in the limelight recently and continues its pages of price movements Nearly $ 100K level. The best digital assets trade over $ 97K and show its resilience in the midst of political noise and economic policy.
Based on the current market dynamics, it seems that the market participants are again waiting for another set of drivers who can push the flagship Crypto’s price over $ 100K.
Other countries are also pushing for crypto rules and the creation of reserves. Recently, Japan announced that it is adjusting its regulations, with plans to classify Cryptocurrency assets as financial products.
Image from Gemini Imagen, Chart from TradingView
