[Cardano founder says US partisanship will hinder Trump's encryption plan] September 20 news, according to the Financial Times, former Ethereum co-founder and Cardano founder Charles Hoskinson warned that the new digital asset platform promoted by Donald Trump and his sons may make the industry "scared." Hoskinson said: "Trump is launching a DeFi application, which is terrible for my industry because everything Trump does is strongly opposed by the left. He turned bipartisan cooperation into a partisan dispute." Hoskinson said that the Democratic Party "will try to weaponize American institutions to slow down and harm Trump. Therefore, I would not be surprised if the Department of Justice, the Tax Department, or the U.S. Securities and Exchange Commission investigates the new platform. Then the entire industry will be hit and a lot of problems will arise." Hoskinson doubts whether the two presidential candidates in the U.S. election will cultivate a strong cryptocurrency industry in the country. "I don't think Trump or Harris' discussion in the field of encryption has reached that quality and complexity," Hoskinson said. He said that if this Trump is elected in November, it may be difficult to fulfill his promise to support encryption policies. Hoskinson said the high turnover of staff within the Trump administration made it difficult for him to recruit the right people into government to develop the industry. He added that Harris "seems to be a continuation of Biden's disastrous policies for the crypto industry." Hoskinson said the U.S. could get "$5 to $10 trillion worth of cryptocurrencies" in the next 10 years if it passes legislation that brings clarity to the cryptocurrency market and "stops suing companies and closing bank accounts." He added that he has a more positive attitude toward the legislative branch of U.S. policymaking and said he had productive conversations with Republican Senators Tim Scott and Cynthia Lummis and Democratic Senator Ron Wyden.