The crypto industry's bet on Trump is collapsing in real time.

Charles Hoskinson—Ethereum co-founder and Cardano creator who vocally supported Trump in 2024—now says Trump made US crypto "worse than under Biden." He's demanding Trump's crypto czar resign and claims he personally lost $2.5B.

What happened?
• Trump's $TRUMP memecoin crashed 80%, destroying bipartisan support for legislation
• The CLARITY Act (crypto's key regulatory bill) is stalled in Senate
• Most crypto tokens fell 40-50% since Trump took office
• Record government shutdown paralyzed Congressional work

The irony: crypto leaders courted Trump expecting a boom. Instead they got memecoins, political toxicity, and legislative gridlock.

Hoskinson's assessment is devastating: "We thought the government would pump our bags. Instead they pulled a rugpull scam on us."

@molly0xfff has been tracking crypto's Trump pivot—and now the retreat: https://hachyderm.io/@molly0xfff/113816642891387994

Sources:
📰 https://www.benzinga.com/crypto/cryptocurrency/26/01/49835190/trumps-crypto-czar-should-resign-if-crypto-bill-doesnt-pass-in-q1-says-cardano-founder-charles-hoskinson

📰 https://www.livebitcoinnews.com/cardano-founder-slams-trump-over-u-s-crypto-policy-shift/

📰 https://www.coindesk.com/news-analysis/2025/11/07/since-trump-s-election-crypto-has-experienced-a-wild-year-long-ride

📰 https://www.cnbc.com/2026/01/11/crypto-lawmakers-are-preparing-to-try-again-on-major-bill-what-can-happen-next.html

#crypto #cryptocurrency #Trump #CLARITY #regulation #Ethereum #Cardano