Cardano founder warns Trump that DeFi venture capital could politicize the cryptocurrency landscape

ChainCatcher news, according to Bitcoinist, Charles Hoskinson, co-founder of Cardano and Ethereum, expressed deep concerns about former President Donald Trump's new DeFi platform venture (i.e., World Liberty Financial).

In an interview, Hoskinson stated that this investment is likely to become a political hot topic. This could exacerbate the already delicate situation of cryptocurrency regulation in the United States.

Hoskinson's biggest concern is the political polarization triggered by Trump in the cryptocurrency space. According to him, "Everything Trump does will provoke strong opposition from the left," indicating that Trump's actions may provoke strong backlash from the Democratic Party.

This could lead to investigations by regulatory bodies such as the Department of Justice or the Securities and Exchange Commission, potentially stifling innovation and growth in the industry.