Cardano Founder Criticizes Trump Administration's Crypto Policy: Memecoin Launch Stalled Key Legislation

Source: CryptoNewsNet Original Title: Cardano (ADA) Founder Charles Hoskinson Targets Donald Trump and These Altcoins! “It’s All His Fault!” Original Link: Cardano (ADA) founder Charles Hoskinson has made significant statements regarding Trump’s cryptocurrency policy, claiming that it has been more harmful to the crypto sector than Biden’s administration policies.

In an interview, Hoskinson argued that Donald Trump and his administration’s cryptocurrency policy has damaged the sector more than his predecessor’s approach. He sharply criticized the Trump administration’s policies, particularly highlighting the launch of memecoins named after Trump and First Lady Melania Trump.

Hoskinson noted that President Trump’s election initially generated optimism in the crypto community, but that sentiment quickly shifted when the president and his wife launched their own memecoins.

“The first thing he did was launch Trump and Melania Coin, which gave the feeling that exploitation was institutionalized. Imagine, the US government is involved in this instead of a Pump.Fun individual.”

According to Hoskinson, the planned launch of Trump and Melania Trump’s official memecoin in February 2025 fundamentally altered the regulatory debate, shifting focus from technical issues to partisan politics and stalling progress on critical legislation.

“Both the GENIUS Act, which aims to create a federal framework for stablecoin regulation, and the CLARITY Act, which aims to clarify digital asset classification, had received bipartisan support. They had a timeframe in place to garner bipartisan backing. However, as the political climate changed due to Trump’s actions, they were indefinitely postponed.”

Hoskinson concludes that Trump’s actions politicized the crypto regulatory issue, hindered legislative progress, and negatively impacted the growth and investment environment of the US crypto market. He suggests that without the memecoin launches, both the GENIUS Act and the CLARITY Act would likely have already been passed.