Cardano founder criticizes Trump's cryptocurrency policies for harming industry prospects

Charles Hoskinson, founder of Cardano, recently said in an interview that Trump's move to launch a personal meme coin is "frustrating", which has turned cryptocurrencies into a partisan issue and undermined bipartisan momentum in Congress. Hoskinson criticized Trump's introduction of memes and the "World Free Finance" project before returning to the White House, blurring the line between policy and personal interests. He also expressed opposition to Trump's proposed "strategic cryptocurrency reserve" plan, which includes bitcoin, ethereum and other cryptocurrencies, arguing that the government should not interfere with the market to choose the winner. Hoskinson revealed that for publicly criticizing these policies, he was excluded from a private dinner with the president and lost the opportunity to participate in the legislative process.