Charles Hoskinson argues President DJT’s token cost crypto a 70-vote Senate win and sparked the Bitcoin-only crisis
Posted by Dongerated
Charles Hoskinson argues President DJT’s token cost crypto a 70-vote Senate win and sparked the Bitcoin-only crisis
Posted by Dongerated
5 Comments
tldr; Charles Hoskinson claims the launch of the TRUMP token before President Trump’s inauguration disrupted bipartisan support for the CLARITY Act, turning crypto regulation into a partisan issue. The token’s association with Trump led to ethics concerns and legislative challenges, including canceled hearings. Hoskinson also links the token to a Bitcoin-only market trend, though data suggests structural factors like ETF demand and regulatory clarity drove Bitcoin dominance. The TRUMP token highlighted conflicts of interest but did not solely cause the legislative or market shifts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yes cant he take bribes in secret like the rest of them. How rude.
The “bitcoin only crisis” was launched when hoskinson and the other shitcoin founders started fleecing retail with ICOs in 2018. Trump is just the caricature of this and an easy scapegoat.
Hoskinson is a wolf in sheep’s clothing. Don’t fall for his bullshit.
Well, there goes ADA being taken out of the crypto reserve…if it’s ever built.
True