Main navigation

John Lennon’s Son Supports Cardano Creator in His Criticism of Crypto Taxation Amendment

News
Fri, 08/06/2021 - 12:33
article image
Yuri Molchan
John Lennon's son comments on Charles Hoskinson's tweet with criticism of crypto taxation amendment supported by the White House
John Lennon’s Son Supports Cardano Creator in His Criticism of Crypto Taxation Amendment
Cover image via en.wikipedia.org
Read U.TODAY on
Google News
Contents

The younger son of legendary Beatles musician John Lennon, Sean Ono Lennon, is known for his pro-crypto stance, and his pro-Bitcoin stance in particular.

He has taken to Twitter to comment on the recent live stream video published by Cardano and IOHK founder Charles Hoskinson to support his thesis.

Lennon slams the White House for supporting the anti-crypto amendment

Lennon tweeted that the crypto industry is about returning power to the people, taking it back from banks and governments. For this reason, he says, crypto is a major threat to economic and governmental hegemony.

Thus, he is not surprised that the White House has supported the amendment to the crypto taxing initiative suggested by Senator Portman.

Lennon supports the recent message to the crypto industry delivered by Charles Hoskinson in a live stream, where he calls for an industry-wide response to the tough crypto taxing initiative and anti-crypto U.S. senators and congressmen.

Related
Strong Bitcoin Buying on Coinbase Occurring While BTC Trades at $40,817

Lennon refers to the White House as crypto "Luddites"

In another tweet, when replying to a comment, Sean Lennon reminded prominent trader and crypto blogger Ivan on Tech about the existence of powers that are always against tech progress since the new machines will push them out of business.

As an example, he mentioned the horse industry protesting against the first automobiles and trains, and telephone companies slamming the Internet and the free connection it offers.

Now, Lennon says, bankers are against crypto because they are afraid to lose their astronomical profits and power...and here comes the U.S. government to support them.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.