Ah, the tempestuous world of cryptocurrency, where fortunes rise and fall with the whims of men and the caprices of markets. Charles Hoskinson, the venerable founder of Cardano, has taken to the airwaves with a fervor that would make even the most impassioned Russian novelist blush. In an interview that could only be described as a dramatic soliloquy, he has cast his gaze upon the Trump administration’s crypto policies, and lo, he finds them wanting.
With a wit as sharp as a winter’s frost and a sarcasm as biting as a Moscow breeze, Hoskinson has aimed his barbs directly at David Sacks, the so-called “czar” of cryptocurrency. “If the bill does not pass this quarter,” he declares, “then Sacks must resign. For what is a czar without his crown of achievements? A mere jester in the court of bureaucracy.”
- Hoskinson warns that failure to pass the US Digital Asset Market Clarity Act this quarter would be a stain upon Sacks’s tenure, a mark of failure as indelible as a peasant’s mud on a nobleman’s boots. 🧹
- He labels the Official Trump memecoin “catastrophic,” a folly so great it could only be conceived in the mind of a man who mistakes chaos for governance. 🤡
- Once a Trump booster, Hoskinson now stands at a distance, his skepticism as palpable as the silence after a thunderclap. 🌩️
Speaking on The Wolf of All Streets Podcast, Hoskinson’s words carried the weight of a man who has seen the promise of crypto dimmed by the folly of men. “This is the make or break year,” he intoned, his voice heavy with the gravitas of a prophet foretelling doom. “If Sacks cannot deliver, then he must step aside, for the industry cannot afford his failures.”
“If it doesn’t pass this quarter, I think David Sacks should resign. He’s utterly failed us as an industry. If you’re the czar and you’re in charge of this whole thing, I’ve got to judge you by your track record.”
“This Is The Make Or Break Year” In this episode @IOHK_Charles does not hold back on his views of the current crypto landscape & what’s coming next. Watch Now 👉🏼
– The Wolf Of All Streets (@scottmelker) January 11, 2026
Hoskinson’s critique extends beyond Sacks to the very heart of the Trump administration’s crypto ventures. The TRUMP memecoin, he declares, is a “catastrophe,” a spectacle so absurd it threatens to undermine the entire industry. “And the problem is Trump’s name’s on it,” he laments. “How can one escape the shadow of such a name? It clings like a stubborn stain.”
Sacks, appointed with great fanfare in December 2024, has found himself under scrutiny not only from Hoskinson but also from the likes of Sen. Elizabeth Warren, who has raised concerns about his influence and term limits. Ah, the irony! A czar beset by critics from all sides, his throne as precarious as a house of cards in a storm. 🌪️
Another penny drops
Once a fervent supporter of Trump, Hoskinson’s enthusiasm has cooled like a neglected samovar. His skepticism grows as the crypto market falters, Cardano’s native token, ADA, plummeting nearly 60% over the past year. Behold, the chart below, a testament to the fickle nature of fortune. 📉
Hoskinson claims to have lost over $2.5 billion in four years, a sum so vast it boggles the mind. He lays the blame squarely at the feet of government intervention, which has turned the market from bullish to bearish with the swiftness of a Russian winter. ❄️
And he is not alone in his disillusionment. The crypto industry’s honeymoon with Trump 2.0 has ended, and the receipts are being scrutinized with a critical eye. Pro-crypto executive orders and regulatory rollbacks have been overshadowed by chaos and controversy. Trump’s trade wars, his software tariffs, and his ill-fated Strategic Bitcoin Reserve have left the industry reeling. Even the much-hyped $TRUMP memecoin has become a symbol of the administration’s missteps, freezing bipartisan stablecoin legislation in its tracks. 🧊
The administration may still boast crypto-friendly figures like SEC Chair Paul Atkins, but the first year of Trump’s second term has been a white-knuckle ride-volatile, politically messy, and increasingly unpopular with the very industry that once cheered it on. Ah, the irony of it all! A czar without a crown, a market without direction, and a founder left to pick up the pieces. 🃏
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2026-01-13 00:39