Charles Hoskinson, founder of the Cardano blockchain platform, recently expressed concerns about Donald Trump’s approach to cryptocurrency policy and personal ventures. Hoskinson criticized Trump for launching his own meme coin shortly before reclaiming the presidency this year. He said this move risked damaging the U.S. crypto industry by turning it into a partisan issue.

Hoskinson explained that before this event, efforts to create bipartisan crypto regulations were underway. However, after Trump introduced the meme coin, crypto became politically charged, with opposition groups framing it negatively ahead of the 2026 midterm elections. According to Hoskinson, many crypto founders are reluctant to speak out on the matter due to fears of losing access to policymakers.

Prior to the meme coin, Trump, his family, and associates launched a crypto project called World Liberty Financial during his campaign. Hoskinson noted that while Trump can engage in private ventures, doing so before establishing a regulatory framework harms the credibility of such projects and the industry overall.

Regarding crypto regulation, Trump announced plans to develop a Strategic Bitcoin Reserve with assets seized through law enforcement actions, totaling around 200,000 BTC worth approximately $17.1 billion. The proposal included a plan to expand the reserve to other cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, and Cardano. Hoskinson opposed this expansion, arguing government involvement in selecting altcoins risks market interference and unfairly favors certain tokens. He recommended the U.S. hold only Bitcoin in the reserve.

After criticizing these initiatives publicly, Hoskinson was reportedly disinvited from a private crypto dinner at Mar-a-Lago hosted by Trump. He said the inclusion of Cardano’s ADA token in the reserve plan appeared more as a conciliatory gesture than a policy-based decision. The announcement temporarily increased ADA’s price by 70%, highlighting the market impact of government actions.

Despite losing access to key political forums, Hoskinson maintains that speaking honestly about crypto policy is more important than preserving influence. He stated, “Just call a spade a spade.”

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