Charles Hoskinson: Trump Crypto Ventures Have Been 'Frustrating'—But Others Won't Talk About It
Charles Hoskinson, Cardano founder, criticized Donald Trump's approach to cryptocurrency, particularly Trump's launch of a personal meme coin and other crypto ventures, for politicizing the industry and undermining bipartisan efforts for regulation. Hoskinson argued that Trump's actions blurred the line between personal interests and policy, damaging the industry's perception in Washington and stalling legislative progress. He noted that many in the crypto sector were discouraged from speaking out, fearing loss of access to policymakers. Hoskinson further opposed Trump's proposal for a U.S. “crypto reserve” featuring multiple altcoins, arguing only seized Bitcoin should be held to avoid market favoritism. After publicly objecting, Hoskinson was excluded from a Mar-a-Lago event with Trump and claimed that Cardano’s inclusion in the reserve appeared intended to placate him. He cited the subsequent short-term price surge of ADA as evidence of the risks posed by direct government involvement. Despite professional setbacks, Hoskinson stood by his decision to speak openly, emphasizing the importance of integrity over political access.
