Overview
- Cardano founder Charles Hoskinson says the launch of the OFFICIAL TRUMP meme coin turned fragile bipartisan work on crypto rules into a partisan liability heading into 2026.
- Hoskinson says industry figures were urged to stay silent about the president’s ventures to avoid losing access to the White House and the legislative process.
- He opposes expanding a U.S. crypto reserve beyond Bitcoin, arguing that naming specific altcoins such as Cardano’s ADA amounts to government “picking winners.”
- Hoskinson says he was disinvited from a private Mar-a-Lago dinner after criticizing the proposed reserve, a claim reported as his account.
- He points to market distortions, noting TRUMP’s post-launch plunge of over 82% and ADA’s brief 70% spike on reserve chatter, as Democrats escalate ethics complaints over Trump-linked crypto events while the administration pursues a Strategic Bitcoin Reserve and a digital-asset working group.