Cardano founder: Trump's crypto policy more harmful than Biden's

Cardano (ADA) founder Charles Hoskinson has argued that the Trump administration's cryptocurrency policy has been more detrimental to the industry than the Biden administration's. In an interview with CoinDesk, he stated that while President Trump's election initially inspired optimism in the crypto sector, that hope was instantly shattered by the launch of memecoins by the president and first lady. Hoskinson asserted that the fallout from this event halted bipartisan regulatory reform efforts that were underway in early 2025, transforming crypto into a partisan issue. He claimed that without the memecoin launch, both the stablecoin bill (GENIUS Act) and the crypto market structure bill (CLARITY Act) would have already been passed.