Cardano Founder Charles Hoskinson Criticizes Trump's 'Extractive' Crypto Policy, Warns of Market Impact

Charles Hoskinson, the founder of Cardano (ADA), has strongly criticized former President Donald Trump's proposed cryptocurrency policies, labeling them as "extractive." Hoskinson issued a stark warning about potential negative consequences for the entire blockchain industry if such regulatory approaches are adopted. He argued that policies perceived as overly aggressive or designed primarily for revenue generation could stifle innovation and drive development overseas. This commentary highlights the ongoing tension between the crypto sector and political regulatory frameworks, with key industry figures voicing concerns over future legislative directions. The reaction from the Cardano community and broader crypto market underscores the sensitivity of the industry to potential regulatory shifts in the United States.