Charles Hoskinson, founder of Cardano (ADA), shares his perspective on how President Donald Trump's meme coin impacted cryptocurrency regulation.
Bipartisan Effort Derailed
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President Trump's launch of a personal meme coin shifted the focus of cryptocurrency from a bipartisan issue to one associated with Trump, corruption, and partisanship. The momentum for regulatory legislation was lost due to this development.
Timing of Meme Coin Criticized
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The timing of President Trump's meme coin, launched in January 2025, shortly before his inauguration, was criticized by Hoskinson as a move that undermined the bipartisan effort towards cryptocurrency regulation.
Partisanship Takes Over
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Hoskinson believes that the introduction of the meme coin created an environment where cryptocurrency discussions became tainted with partisanship.
