The crypto industry's bet on Trump is collapsing in real time.
Charles Hoskinson—Ethereum co-founder and Cardano creator who vocally supported Trump in 2024—now says Trump made US crypto "worse than under Biden." He's demanding Trump's crypto czar resign and claims he personally lost $2.5B.
What happened?
• Trump's $TRUMP memecoin crashed 80%, destroying bipartisan support for legislation
• The CLARITY Act (crypto's key regulatory bill) is stalled in Senate
• Most crypto tokens fell 40-50% since Trump took office
• Record government shutdown paralyzed Congressional work
The irony: crypto leaders courted Trump expecting a boom. Instead they got memecoins, political toxicity, and legislative gridlock.
Hoskinson's assessment is devastating: "We thought the government would pump our bags. Instead they pulled a rugpull scam on us."
@molly0xfff has been tracking crypto's Trump pivot—and now the retreat:
... show moreThe crypto industry's bet on Trump is collapsing in real time.
Charles Hoskinson—Ethereum co-founder and Cardano creator who vocally supported Trump in 2024—now says Trump made US crypto "worse than under Biden." He's demanding Trump's crypto czar resign and claims he personally lost $2.5B.
What happened?
• Trump's $TRUMP memecoin crashed 80%, destroying bipartisan support for legislation
• The CLARITY Act (crypto's key regulatory bill) is stalled in Senate
• Most crypto tokens fell 40-50% since Trump took office
• Record government shutdown paralyzed Congressional work
The irony: crypto leaders courted Trump expecting a boom. Instead they got memecoins, political toxicity, and legislative gridlock.
Hoskinson's assessment is devastating: "We thought the government would pump our bags. Instead they pulled a rugpull scam on us."
@molly0xfff has been tracking crypto's Trump pivot—and now the retreat: hachyderm.io/@molly0xfff/11381…
Sources:
📰 benzinga.com/crypto/cryptocurr…
📰 livebitcoinnews.com/cardano-fo…
📰 coindesk.com/news-analysis/202…
📰 cnbc.com/2026/01/11/crypto-law…
#crypto #cryptocurrency #Trump #CLARITY #regulation #Ethereum #Cardano
Cardano founder Charles Hoskinson criticizes the Trump administration's crypto policies, warning of politicization, memecoin risks, regulatory failures, and growing losses across the U.S. digital asset sector.
Bilal Hassan (Live Bitcoin News)
