Bitcoin community outraged over USAID alleged anti-crypto stance
Bitcoin community outraged over USAID
The Bitcoin community has reacted strongly to reports that the United States Agency for International Development (USAID) funded a book portraying Bitcoin as linked to right-wing extremism.
The allegations, first raised by WikiLeaks and amplified by Cardano founder Charles Hoskinson, have sparked debates over government influence on narratives surrounding digital assets, according to Coingape.
Allegations of USAID-funded anti-Bitcoin propaganda
According to WikiLeaks, USAID provided financial support for Cyberlibertarianism: The Right-Wing Politics of Digital Technology, a book by David Golumbia that frames Bitcoin and cyberlibertarian ideals as politically extremist. Golumbia allegedly received at least $80,000 in direct government grants, and the book has been added to university reading lists at institutions such as Duke University and the University of Southern California.
Hoskinson condemned the reports, stating, “So apparently, USAID is funding the production of propaganda that says Bitcoin is right-wing extremism. I’m so done with this garbage.” Many Bitcoin supporters argue that the digital currency is apolitical, designed for financial inclusion rather than ideological alignment.
Bitcoin advocates push back
The controversy comes at a time when the Trump administration has issued an executive order freezing USAID’s funding, placing its future operations under scrutiny. Representative French Hill, chairman of the House Financial Services Committee, has also raised concerns about USAID’s spending, hinting at potential budget reviews.
Despite the backlash, Bitcoin’s market performance remains strong, trading above $97,000. Analysts suggest that shifting political attitudes toward cryptocurrency could influence future policies, with speculation rising about a more favorable stance under the current administration.As tensions grow, the debate highlights broader concerns about government-funded narratives and their impact on public perception of decentralized financial systems.
Meanwhile, El Salvador's bold decision to adopt Bitcoin as legal tender has sparked global conversation about the potential of integrating digital assets into national economies. Following in its footsteps, the Czech Republic’s new tax exemption for Bitcoin holders could further encourage other nations to consider similar regulatory approaches, potentially fostering more widespread cryptocurrency adoption.
