Cardano founder Charles Hoskinson has criticized the Trump administration for politicizing the cryptocurrency industry through the introduction of meme coins like Trump Coin. Hoskinson argues that this move institutionalizes "predatory behavior" and has worsened the U.S. crypto industry's situation compared to the Biden era. He claims it has disrupted bipartisan efforts to advance the GENIUS Act and CLARITY Act in early 2025, labeling crypto as "corrupt and partisan," which alienates half of the electorate and stalls regulatory progress.
Hoskinson also criticized the government's lack of a clear framework and industry consultation mechanism, describing the appointment of David Sacks as "crypto czar" as inappropriate. He warned that if market structure legislation is not passed this year, regulatory uncertainty could persist until 2029.
Charles Hoskinson Criticizes Trump Administration's Impact on Crypto
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