Cardano and Ethereum co-founder Charles Hoskinson has expressed deep concerns about former President Donald Trump’s new DeFi platform venture, World Liberty Financial.
Hoskinson said in an interview that the investment is likely to become a political flashpoint, which could exacerbate the already delicate situation of cryptocurrency regulation in the United States.
Hoskinson’s biggest concern is the political polarization that Trump has caused in the cryptocurrency space. According to him, “everything Trump does will cause a backlash from the left,” suggesting that Trump’s actions could cause a backlash from the Democratic Party.
This could lead to investigations by regulators such as the Department of Justice or the Securities and Exchange Commission, which could stifle innovation and growth in the industry. #ETH