Hoskinson Claims Trump Coin Delayed U.S. Cryptocurrency Legislation Efforts

Impact of Trump Coin on Crypto Legislation: Charles Hoskinson stated that the launch of Trump Coin shifted U.S. crypto regulation from bipartisan reform to partisan politics, complicating the passage of the Clarity Act and weakening cross-party cooperation.

Political Ramifications: Lawmakers feared that supporting crypto legislation would be perceived as endorsing Trump-linked ventures, which turned crypto regulation into a campaign issue ahead of the 2026 midterms and associated it with corruption narratives.

Market Effects of Regulatory Uncertainty: Hoskinson noted that regulatory delays increased market uncertainty, leading to Bitcoin outperforming altcoins, and suggested that clearer rules could have reduced volatility and improved market recovery.

Call for Timely Regulation: He emphasized that earlier passage of the Clarity Act could have shifted focus to rulemaking, allowing for a more stable environment for crypto projects, including those linked to Trump.