{"id":13444,"date":"2026-01-13T17:43:21","date_gmt":"2026-01-13T17:43:21","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=13444"},"modified":"2026-01-13T17:43:26","modified_gmt":"2026-01-13T17:43:26","slug":"cardano-founder-hoskinson-draws-a-line-pass-the-crypto-bill-or-czar-should-go","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/01\/13\/cardano-founder-hoskinson-draws-a-line-pass-the-crypto-bill-or-czar-should-go\/","title":{"rendered":"Cardano founder Hoskinson draws a line: Pass the crypto bill or czar should go"},"content":{"rendered":"\n<p>Cardano founder <strong>Charles Hoskinson<\/strong> is no longer holding back when it comes to the Trump administration\u2019s handling of crypto policy.<\/p>\n\n\n\n<p>In a pointed interview aired Sunday on <em>The Wolf of All Streets Podcast<\/em>, Hoskinson warned that failure to pass a long-awaited crypto market structure bill this quarter would represent a clear failure of White House crypto leadership \u2014 and should cost the administration its crypto czar.<\/p>\n\n\n\n<p>\u201cIf it doesn\u2019t pass this quarter, I think David Sacks should resign,\u201d Hoskinson said. \u201cHe\u2019s utterly failed us as an industry. If you\u2019re the czar and you\u2019re in charge of this whole thing, I\u2019ve got to judge you by your track record.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Targeting the White House crypto czar<\/h3>\n\n\n\n<p>Hoskinson\u2019s remarks were aimed squarely at <strong>David Sacks<\/strong>, the venture capitalist appointed by President <strong>Donald Trump<\/strong> in December 2024 to oversee AI and cryptocurrency policy.<\/p>\n\n\n\n<p>At the center of Hoskinson\u2019s frustration is the stalled <strong>U.S. Digital Asset Market Clarity Act<\/strong>, a bill widely seen as essential for defining how cryptocurrencies are regulated in the United States. Hoskinson questioned whether the legislation would pass in the first quarter, saying continued delays risk squandering what little bipartisan momentum remains.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u2018Catastrophic\u2019 Trump memecoin fallout<\/h3>\n\n\n\n<p>Hoskinson also took aim at the launch of the Official Trump (TRUMP) memecoin, calling it \u201ccatastrophic\u201d for the crypto industry. He faulted Sacks for failing to prevent Trump-linked crypto ventures from muddying the political waters just as lawmakers were negotiating sensitive legislation.<\/p>\n\n\n\n<p>\u201cThe problem is Trump\u2019s name\u2019s on it,\u201d Hoskinson said. \u201cSo it\u2019s really hard to run away from it and say he had nothing to do with it.\u201d<\/p>\n\n\n\n<p>He warned that Democrats could seize on the episode ahead of the midterm elections, using it to justify an explicitly anti-crypto platform and stall future regulatory progress.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">From Trump ally to skeptic<\/h3>\n\n\n\n<p>Hoskinson\u2019s criticism marks a notable shift. Once a vocal Trump supporter ahead of the 2024 election \u2014 after accusing the Biden administration of undermining the crypto sector \u2014 he has grown increasingly skeptical during Trump\u2019s second term.<\/p>\n\n\n\n<p>Ironically, Trump later floated <strong>Cardano<\/strong> and its native token ADA as potential components of a U.S. cryptocurrency reserve. But Hoskinson noted that crypto markets have broadly suffered since Trump returned to office.<\/p>\n\n\n\n<p>Cardano itself is down nearly <strong>60% over the past year<\/strong>, mirroring a broader slump across digital assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A broader crypto reckoning<\/h3>\n\n\n\n<p>Hoskinson has claimed personal losses exceeding <strong>$2.5 billion over four years<\/strong>, blaming heavy government involvement for flipping market sentiment from bullish to bearish. And he\u2019s far from alone.<\/p>\n\n\n\n<p>While the administration has touted pro-crypto executive orders and some regulatory rollbacks, those efforts have been overshadowed by volatility and political chaos. Trump\u2019s trade war rhetoric and a surprise software tariff helped erase nearly <strong>$1 trillion in crypto market value<\/strong>, triggering sharp Bitcoin sell-offs and widespread liquidations.<\/p>\n\n\n\n<p>Trump-branded crypto ventures \u2014 including World Liberty Financial and the TRUMP memecoin \u2014 have further inflamed tensions on Capitol Hill, effectively freezing bipartisan stablecoin legislation. Even the much-hyped Strategic Bitcoin Reserve fell flat after it emerged that it would be funded with seized assets rather than new government purchases.<\/p>\n\n\n\n<p>Despite crypto-friendly appointments like SEC Chair Paul Atkins, insiders describe the first year of Trump\u2019s second term as turbulent and increasingly unpopular with an industry that once embraced it.<\/p>\n\n\n\n<p>For Hoskinson, the message is now clear: deliver regulatory clarity \u2014 or step aside.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano founder Charles Hoskinson is no longer holding back when it comes to the Trump administration\u2019s handling of crypto policy. In a pointed interview aired Sunday on The Wolf of All Streets Podcast, Hoskinson warned that failure to pass a long-awaited crypto market structure bill this quarter would represent a clear failure of White House&#8230;<\/p>\n","protected":false},"author":3,"featured_media":13462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[76,1954,1955],"class_list":["post-13444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-cardano","tag-crypto-bill","tag-czar"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cardano founder Hoskinson draws a line: Pass the crypto bill or czar should go - Crypto News<\/title>\n<meta name=\"description\" content=\"Cardano founder Charles Hoskinson warned that failure to pass the U.S. crypto 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