News
  • Rizwan Ansari
    author-profile
    Rizwan Ansari right arrow
    Author

    Rizwan is an experienced Crypto journalist with almost half a decade of experience covering everything related to the growing crypto industry — from price analysis to blockchain disruption. During this period, he’s authored more than 3,000 news articles for Coinpedia News.

    • Reviewed by: Sohrab Khawas
      author profile
      Sohrab Khawas right arrow
      Reviewed

      Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

      • author twitter
      • author linkedin
    • 2 minutes read

    Charles Hoskinson Slams Trump’s Crypto Moves, Warns of Political Damage to Industry

    Story Highlights
    • Charles Hoskinson says Trump’s crypto moves damaged bipartisan support and hurt credibility in Washington politics.

    • Trump’s memecoin launch turned crypto into partisan issue slowing regulation and CLARITY Act progress.

    • Hoskinson warns mixing political power with personal crypto ventures invites investigations later from regulators.

    Cardano founder Charles Hoskinson has openly criticized President Donald Trump’s involvement in cryptocurrency, saying it created confusion, fear, and political damage for the industry at a critical time. 

    While many crypto leaders stayed silent, Hoskinson says most are afraid to speak openly.

    Hoskinson Slams Trump’s Crypto Moves

    In a recent interview, Hoskinson described Trump’s crypto actions as “frustrating” and called the topic a “third rail,” meaning it’s something people avoid discussing due to political risk.

    He pointed to Trump’s decision to launch a memecoin earlier this year, just days before returning to the White House, as a major turning point for the industry.

    Before the launch, crypto was gaining support from both parties, and the CLARITY Act was expected to pass with nearly 70 senators in favor. That changed quickly after Trump’s memecoin entered the market

    Hoskinson says crypto quickly became tied to Trump’s political image, making it harder for Democrats to support regulation. Instead of focusing on innovation, crypto turned into a political issue, slowing progress on clear rules.

    Bipartisan Support Quickly Turned Political

    Once crypto became linked to Trump, Democratic lawmakers faced a dilemma. Supporting crypto legislation now risked being seen as endorsing Trump himself. As a result, the CLARITY Act lost its bipartisan image and became a political weapon ahead of the midterm elections.

    Hoskinson believes this made it far harder for lawmakers to focus on policy. What was once a shared goal turned into a partisan issue almost overnight.

    Fear Keeps Industry Leaders Silent

    Hoskinson said many crypto leaders were warned to stay quiet, as speaking out could cost them access to policymakers or exclude them from key regulatory talks. This fear, he believes, has kept much of the industry silent.

    He also criticized Trump’s earlier crypto project, World Liberty Financial, which launched during the election campaign. While Hoskinson said Trump has the right to invest in crypto as a private citizen, he questioned the timing of the move.

    “You shouldn’t launch a product first and then make the rules,” Hoskinson said. “The rules should come first.”

    Lastly, Hoskinson warned that mixing political power with personal crypto ventures could lead to future investigations if political leadership changes.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    Why does politicization matter for crypto regulation in practice?

    When an industry becomes tied to a single political figure, lawmakers tend to evaluate it through a partisan lens rather than on technical or economic merits. This often leads to stalled hearings, fewer compromises, and delayed regulatory clarity for companies operating in the U.S.

    What are the potential long-term consequences for U.S. crypto innovation?

    Prolonged political gridlock could push startups, developers, and capital to jurisdictions with clearer and more stable regulatory frameworks, such as parts of Europe or Asia. This risks weakening the U.S. role in shaping global crypto standards.

    Trust with CoinPedia:

    CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

    Investment Disclaimer:

    All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

    Sponsored and Advertisements:

    Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

    Show More

    Related Articles

    Back to top button