The American Agency for International Development (USA) is currently being killed because US President Donald Trump and his consultant Elon Musk implement their bureaucratic cost reduction campaign.
According to reports, many projects, funds and support are risked to lose, and thousands of jobs are now in balance. However, the problems of USAID do not end here. The agency is also confronted with the criticism of the crypto community of its alleged questionable financing of a book that connects Bitcoin with right-wing extremism.
The most recent personality to aim at the agency is the founder of Cardano, Charles Hoskinson, who says that it is projects to present cryptocurrency as an instrument for “right -wing extremism”.
Hoskinson informed his thoughts about the possible role of USAID, described the current situation as “garbage” and admitted that he is now frustrated about the stream of online fehlin information.
The financing of USAID in the spotlight
Hoskinson’s Tirade against the agency came from a post of Wikileaks on February 10th. According to the post office, David Golumbia, the author of “Cyberlibertarianism: The Right Wing Politics of Digital Technology”, received state subsidies of around 80,000 dollars.
Golumbia was also the author of “The Politics of Bitcoin: Software as a right -wing extremism”.
Apparently, USAID finances the production of propaganda, which says that Bitcoin is right -wing extremism.
I’m so finished with this garbage https://t.co/hg9vijiw0a
– Charles Hoskinson (@Iohk_Charles) February 10, 2025
These books, which were allegedly financed by USAID, found connections between Bitcoin and right -wing ideologies. The books are now a reading list for College courses at Duke University and at the University of Southern California.
Some critics immediately plunged on these revelations from Wikileaks and asked if these institutions had checked these books before seeing print facts.
Hoskinson condemns negative propaganda vs. Bitcoin
Hoskison is one of the most important personalities that defend the Bitcoin and Blockchain technology against negative propaganda. He explains that Bitcoin works as a decentralized financial system and does not fit into a certain political system. He blew up the USA because he implied that Bitcoin was a tool for right extremism and described it as a “garbage argument”.
BTCUSD trading at $97,797 on the daily chart: TradingView.com
Other Bitcoin and blockchain supporters have consistently offered counter -arguments and said that the propaganda aims to promote economic freedom and financial inclusion. Many crypto supporters say that propaganda reduces the contributions of decentralized technologies such as Bitcoin.
BTC price remains shaky
As with USAID, Bitcoin has recently been in the spotlight and continued his side price movements near the 100,000 dollar level. The Top Digital Asset acts over 97,000 and shows its resilience in the middle of political noise and economic policy shifts.
Based on the current market dynamics, market participants are waiting for a number of drivers who can exceed the price of the Crypto flagship over $ 100,000.
In addition, other countries urge crypto regulations and the creation of reserves. Japan recently announced that it optimized its regulations and classified the assets for cryptocurrency as financial products.
Selected picture of Gemini Imageen, Diagram from Tradingview