Charles Hoskinson slams Trump’s crypto policy as 'extractive,' warns of industry fallout

Charles Hoskinson, founder of Cardano, criticizes Trump's cryptocurrency policies as extractive and warns of potential fallout for the industry. He argues that Trump's actions have politicized cryptocurrency and alienated a significant portion of the populace. This situation could lead to serious divisions within the crypto community, hindering market growth. While acknowledging the potential and innovation that cryptocurrencies can bring, Hoskinson highlights how the president's policies may act against these developments. He expresses concern that if a political approach is not embraced, investors and developers could face new risks, resulting in a deteriorating overall market environment. He advocates for a more inclusive and sustainable approach for the industry.