2026-01-12 23:42:43

Advocate of the Cardano ecosystem, Charles Hoskinson, recently spoke out criticizing: Participating in the crypto market through meme coins like Trump Coin actually politicizes the entire industry. More seriously, this approach institutionalizes some less transparent profit models—essentially "predatory."

His viewpoint hits the core issue: compared to Biden's term, the current situation of the US crypto industry is even more awkward. Originally, there was an opportunity to regulate the market and protect investors through bills like the GENIUS Act and CLARITY Act, but now all these initiatives have been disrupted.

While meme coins attract attention, the underlying problems are worth deep reflection. This not only affects the development of individual projects but also relates to whether the entire industry can obtain legitimate policy support. The policy swings indeed increase uncertainty for developers and investors aiming for long-term deployment.

TRUMP-3,96%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
5
Repost
Share

Comment

0/400

AlgoAlchemist

· 01-13 00:12

Honestly, political coins are just a cover for scamming retail investors. Charles is right, if this continues, regulations will become even stricter. The entire ecosystem has been hijacked; who the hell wants this kind of hype? The bill keeps getting stalled, and we developers really feel caught in the middle and uncomfortable. Meme coins are booming, but industry credibility is collapsing; this business isn't profitable. Instead of following the trend and炒 political coins, it's better to focus on developing technology, which makes more sense in the long run.

View OriginalReply0

ContractSurrender

· 01-13 00:11

Haha, Charles hit the nail on the head. Meme coins are just weed harvesters disguised as entertainment. When policies swing, the projects that truly want to make a difference suffer. This has made things really difficult for us. Trump Coin and similar things going viral is truly a tragedy for the industry... Standardization was a good opportunity, but now it's all gone. Ngl, 80% of retail investors entering now are being brainwashed by this wave of meme coins. With regulatory support gone, instead, predatory projects are rampant. What's going on? Long-term believers are really in a tough spot now, while short-term profit takers are laughing the loudest... It's quite surreal. Policy swings, and now we developers are just a backdrop. All the compliance efforts have been rendered meaningless.

View OriginalReply0

DevChive

· 01-13 00:07

Wow, Charles is so direct. Meme coins are just tools to scam retail investors. The use of the word "predatory" is spot on. Politicizing the crypto market really darkened the future. Regulatory bills have been disrupted, and small retail investors like us are even more passive. Damn it.

View OriginalReply0

GateUser-a180694b

· 01-12 23:58

Policy swings really mess with the mindset. I originally planned to focus on developing the product, but now I have to gamble on politics.

View OriginalReply0

AirdropHunterXiao

· 01-12 23:48

The word "predatory" is used perfectly, that's the flavor. --- Chuck is right, political coins are a tumor, messing up the entire ecosystem. --- The disruption of the bill really hurts; it was originally something that could have been well-regulated. --- Meme coins are popular, but if this continues, who will dare to build long-term? --- It feels like the crypto world is now engaging in suicidal weed-cutting; it's too difficult. --- Policy swings are really disgusting; developers and investors both have to vote with their feet. --- Things like Trump Coin are just tarnishing the entire industry, and are even institutionalized? Ridiculous. --- Instead of chasing trendy meme coins, it's better to look at those projects that work quietly. --- Honestly, this wave of politicization has really eroded trust.

View OriginalReply0