Cardano founder urges crypto unity against Chokepoint 2.0

Charles Hoskinson, founder of Cardano (CRYPTO:ADA), has called on the cryptocurrency community to unite against challenges posed by Operation Chokepoint 2.0 and to abandon divisive rivalries for the industry's future growth.  

In a post on X dated November 30, Hoskinson urged the Cardano community to reconcile with rival ecosystems, including Bitcoin (CRYPTO:BTC), XRP (CRYPTO:XRP), and Solana (CRYPTO:SOL), emphasising the need to reset relationships and focus on shared goals.  

“One suggestion that I have for all of us in the Cardano community is to let the comments and opinions of the past go and embrace a full reset of all ecosystems,” Hoskinson stated.  

Hoskinson highlighted how tribalism has hindered the industry’s ability to achieve widespread adoption, adding that collaboration is crucial as the sector faces intensified scrutiny.  

Operation Chokepoint 2.0, a global effort targeting cryptocurrency businesses through debanking and regulatory pressures, has impacted firms worldwide, causing economic and emotional harm.  

“The global fallout from Operation Chokepoint 2.0. So many people put their head in the sand for political reasons, saying it’s not as bad as the industry was making it out to be. It is worse and global. So many businesses were harassed, fined, audited, and de-platformed,” he remarked.  

Looking forward to 2025, Hoskinson described this period as a critical window for the industry to transform crypto into a mainstream financial asset, estimating its potential market valuation in the tens of trillions of dollars.  

He stressed the importance of overcoming divisions to seize emerging opportunities and navigate external challenges.  

“2025 is about unity and progress. We have a window to make crypto mainstream and grow our markets to the tens of trillions of dollars of value, thereby entering every home and government alike. We can not allow petty tribalism to squander this opportunity,” Hoskinson concluded.  

At the time of reporting, the Cardano (ADA) price was $1.16.