Cardano (ADA) founder Charles Hoskinson claims that US President Donald Trump’s actions against cryptocurrencies have harmed the market.
Cardano (ADA) founder Charles Hoskinson made significant statements regarding US President Donald Trump.
At this point, the founder of Cardano stated that Trump’s actions against cryptocurrencies have harmed the market.
Charles Hoskinson criticized Donald Trump, arguing that his approach to the cryptocurrency sector and his personal business ventures negatively impacted the market.
Speaking to Decrypt, Hoskinson stated that Trump’s personal memecoin, launched just before he took office, turned the bipartisan regulatory efforts regarding cryptocurrency legislation into a political battleground.
“I am very disappointed with President Trump’s approach to cryptocurrencies, especially personal business ventures. Others in the industry are hesitant to speak out about it for fear of the potential consequences.”
We were also pressured to remain silent. The prevailing view was that if you didn’t want to risk meeting with the president or participating in the legislative process, you shouldn’t say anything at all.
Hoskinson, noting the significance of the timing of Trump’s launch of his personal memecoin, TRUMP, stated that the moment the TRUMP coin was released, the narrative of “cryptocurrency is bipartisan” transformed into “cryptocurrency equals Trump, equals evil, equals corruption.”
“This also became a campaign slogan for the 2026 midterm elections.”
Hoskinson concluded by saying that Trump’s strategic Bitcoin reserve plan was an inappropriate act by the government to determine winners and losers.
Hoskinson also suggested that the inclusion of some altcoins, including ADA, in the proposed reserve list appeared to be an attempt to silence criticism rather than a policy-based decision. He stated that he believes he was not invited to the presidential dinner because of these comments, adding that he considers protecting the integrity of the sector to be more important.
