Cardano Founder Hoskinson Critiques Trump Administration's Crypto Policy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
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Source: Benzinga
- Legislative Doubts: Cardano founder Hoskinson expressed skepticism about the cryptocurrency market structure bill's passage on a podcast, stating that if it fails to pass this quarter, White House crypto czar David Sacks should resign, reflecting disappointment and dissatisfaction with industry leadership.
- Trump's Impact: Hoskinson criticized the launch of the official Trump memecoin, labeling it as “catastrophic” for the industry and warning that Democrats would leverage an anti-cryptocurrency stance in midterm elections, highlighting the political risks facing the crypto sector.
- Supporter Turnaround: Once a supporter of Trump, Hoskinson now questions his policies, accusing the Biden administration of actively trying to stifle the cryptocurrency industry, indicating a shift in political support within the industry.
- Asset List Clarification: Although Trump mentioned ADA as part of the U.S. cryptocurrency reserve, White House crypto czar Sacks later clarified that this was merely an illustration of leading market-cap assets, not a definitive plan, showcasing the uncertainty in policy direction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
