Cardano Founder Warns Trump and Harris Could Threaten Crypto’s Future in the U.S.

Charles Hoskinson, co-founder of Cardano and Ethereum, has raised concerns about how former President Donald Trump and Vice President Kamala Harris approach cryptocurrency policy.

Hoskinson pointed out that neither has offered a clear direction for the future of crypto in the U.S.

While Trump appears to be more supportive of the industry, Hoskinson cautioned that his involvement might complicate regulatory matters. He suggested that Trump’s polarizing nature could lead to increased scrutiny from regulators, creating instability in the market.

He also expressed doubts about Trump’s ability to form a capable team to advance the crypto space, citing frequent staff turnover during his presidency. Hoskinson criticized Harris as well, predicting that her administration would likely continue crypto-unfriendly policies, following the current trajectory.

Although he acknowledged Trump as the “more pro-crypto” figure, Hoskinson warned that the industry could become politically divisive.

He feared Democrats might use agencies like the Department of Justice or the SEC to hinder its progress. Ultimately, Hoskinson remains doubtful that Trump, if re-elected, would fulfill his pro-crypto promises, potentially forcing him to explore opportunities outside the U.S.

Kosta Gushterov