Charles Hoskinson slams Donald Trump crypto policy as 'extractive' 2026
Cardano founder Charles Hoskinson criticizes Donald Trump's crypto policy as extractive, warning of massive industry fallout and a departure from decentralization.
The honeymoon period is over. Charles Hoskinson, the founder of Cardano, just unleashed a blistering critique against the Donald Trump administration's latest crypto framework, signaling a deepening rift between industry pioneers and Washington.
Donald Trump Crypto Policy: A Move Toward Extraction?
According to Hoskinson, the current regulatory trajectory is far from the innovation-friendly landscape many expected. He labeled the proposed measures as "extractive," suggesting that the administration is more focused on siphoning value from the ecosystem than fostering it. He warns that this approach could stifle the very growth that Donald Trump promised to champion during his campaign.
Warning of Industry Fallout
The Cardano founder didn't stop at calling the policy extractive; he warned of a significant "industry fallout." He believes that if the U.S. continues down this path of centralized control over decentralized assets, it will push talent and capital to offshore jurisdictions. This marks a sharp turn from the optimism seen in late 2024 and 2025.
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