Charles Hoskinson, founder of Cardano, has expressed disappointment over former U.S. President Donald Trump’s foray into the cryptocurrency space, stating that it has harmed the industry’s long-term prospects. Hoskinson highlighted concerns about the increasing political influence in the crypto market ahead of the 2026 midterm elections, warning that such interference could heighten market uncertainty. Trump recently launched his own meme coin, a type of crypto token often driven by social media trends and humor, which are typically highly volatile and risky investments. Hoskinson argued that Trump’s move has not only damaged the credibility of the crypto market but also undermined the genuine technical and financial value of cryptocurrencies. Cardano is a leading blockchain platform focused on securing, transparently managing, and efficiently executing digital contracts and financial transactions worldwide. Hoskinson emphasized the importance of keeping the cryptocurrency industry free from political agendas to ensure its continued growth. Investor anxiety over political meddling in the crypto market is rising, and ongoing interference could threaten the sector’s credibility and stability. Looking ahead, if cryptocurrencies can develop independently of political interests and focus solely on financial and technological fundamentals, they have the potential to play a significant role in the global economy.
Source: decrypt
