Charles Hoskinson Criticizes Trump’s Crypto Moves
- Cardano founder Charles Hoskinson criticized President Donald Trump for launching a meme coin, arguing it turned crypto into a partisan issue.
- Trump’s actions stalled bipartisan efforts in Congress to establish clear rules for digital assets, according to Hoskinson.
- Hoskinson opposed the U.S. government’s plan to create a crypto reserve including Bitcoin, Ethereum, Solana, XRP, and Cardano.
- The U.S. government holds roughly 200,000 BTC valued at around $17.1 billion due to law enforcement actions since 2009.
- After ADA was included in the proposed reserve, its price rose by about 70% before declining again.
Hoskinson expressed frustration over Trump’s personal ventures in cryptocurrency, which he believes blurred the lines between policy and personal interest. The inclusion of Cardano in the proposed reserve was seen as an attempt to ease tensions with Hoskinson after he publicly criticized the plan.
Despite losing access to policymakers, Hoskinson does not regret speaking out against what he sees as detrimental moves by Trump in the crypto space.Source
