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Charles Hoskinson Says Every Bank in America Shills Crypto, Here’s How

17 Oct, 20222 min readOther
Charles Hoskinson Says Every Bank in America Shills Crypto, Here’s How

Head of IOG and founder of Cardano and co-creator of Ethereum, Charles Hoskinson, has taken to Twitter to express his sarcasm at the efforts of U.S. banks to ban cryptocurrencies for their customers.

As an example, he chose Kanye West, whose account at JP Morgan was closed down last week.

Hoskinson says why crypto space may not be bothered about marketing

Hoskinson tackled the question that he has apparently been getting often from the crypto community — that is, wondering why companies in the crypto space that have their own coins are not good enough at marketing their assets and services.

He believes that U.S. banks are much better at shilling crypto masses. As an example, he posted a picture with popular rapper Kanye West wearing a baseball cap that has an inscription that says, "Satoshi Nakamoto."

The caption of the picture claims that the rapper, (now) Ye West, is now a Bitcoin fan after JP Morgan banking giant terminated a customer service contract with him three days ago and shut down his account.

Prior to that, Twitter and Instagram social media giants also suspended the rapper billionaire's accounts for posting anti-semitic conspiracy theories.

People keep asking why isn't the cryptocurrency space doing a better job at marketing, the answer is that every bank in America does a pretty good job of doing it for us — Charles Hoskinson (@IOHK_Charles) October 17, 2022

Bank of America shuts down accounts of crypto advocates

Kanye West is a famous advocate of crypto, and Bitcoin in particular. On June 1, the media reported that he filed 17 applications intending to start minting his own branded NFTs. Curiously, in the winter, he stated that he would never be dealing with non-fungible tokens.

Previously, U.Today reported that large U.S. banks had closed down accounts of Tron founder and its former CEO, Justin Sun, as well as former top executive of PayPal Roelof Botha. Back then, founder of TechCrunch Michael Arrington guessed that Botha's account was terminated because he had bought some Bitcoin.


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