PANews reported on December 19th that, according to Decrypt, Cardano founder Charles Hoskinson expressed his disappointment with former US President Trump's involvementPANews reported on December 19th that, according to Decrypt, Cardano founder Charles Hoskinson expressed his disappointment with former US President Trump's involvement
Cardano founder: Trump's crypto investments have undermined the bipartisan regulatory process in the United States.
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PANews reported on December 19th that, according to Decrypt, Cardano founder Charles Hoskinson expressed his disappointment with former US President Trump's involvement in the cryptocurrency field in an interview. He believes that Trump's launch of his personal Memecoin before returning to the White House this year transformed cryptocurrency from a bipartisan issue into a partisan burden, providing fodder for industry critics and potentially hindering the legislative process.
Hoskinson also criticized the timing of Trump and his associates' campaign-launched cryptocurrency project, "World Liberty Financial," arguing that private actions should be separated from policy-making. Regarding the Trump administration's proposal to establish a "strategic reserve" comprising multiple cryptocurrencies, he expressed opposition to the government selecting individual tokens, arguing that this amounts to picking market winners. Although his public criticism resulted in his exclusion from Trump's private dinners, and he believes ADA's inclusion in the reserve is merely a appeasement measure, Hoskinson stated he does not regret speaking out.
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