Cardano founder says Trump's crypto moves have damaged the market

Cardano (ADA) founder Charles Hoskinson has criticized U.S. President Donald Trump, arguing that his approach to the cryptocurrency industry and personal business ventures are negatively impacting the market. In a recent interview with Decrypt, Hoskinson stated that the memecoin Trump launched just before his inauguration has turned bipartisan efforts on crypto legislation into a partisan conflict. He also described the president's mentioned plan for a strategic Bitcoin reserve as an inappropriate act of the government picking winners and losers. Hoskinson suggested that the inclusion of some altcoins, including ADA, in the proposed reserve list appeared to be an attempt to silence criticism rather than a policy-based decision. He added that while he believes he was not invited to a presidential dinner due to these comments, he feels it is more important to protect the industry's integrity.