- Concerns of Cardano Founder
- Launch of WLFI Token
- Hoskinson's Skepticism
Charles Hoskinson, founder of the Cardano blockchain, has expressed concerns over World Liberty Financial, a new decentralized finance platform backed by former U.S. President Donald Trump and his sons.
Concerns of Cardano Founder
In an interview with the Financial Times, Hoskinson warned that Trump’s push into crypto could complicate the regulatory landscape. He noted that “everything Trump does the left hates with such a passion.” Hoskinson also voiced concerns that such partisanship could provoke investigations from U.S. regulatory bodies, potentially destabilizing the broader crypto market.
Launch of WLFI Token
World Liberty Financial has confirmed plans to launch a governance token, WLFI, which will be available only to accredited investors under a Regulation D exemption. The project has enlisted top-tier security firms to audit and secure the platform as regulatory uncertainty remains a challenge.
Hoskinson's Skepticism
Despite Trump’s recent pledge to transform the U.S. into a “Bitcoin superpower,” Hoskinson remains skeptical of both Trump and Kamala Harris in terms of cryptocurrency. He stated that neither candidate shows the necessary level of sophistication in understanding crypto issues.
> “I do not see that level of quality and sophistication in the discourse [with Trump or Kamala Harris in the crypto space].” > Charles Hoskinson
Hoskinson continues to doubt Trump’s ability to fulfill his pro-crypto promises if he wins the November election, questioning the administration’s capacity to foster a supportive environment for the industry.
