Cardano founder Charles Hoskinson has criticized the Trump administration's impact on U.S. cryptocurrency policy, claiming it derailed bipartisan regulatory progress. In a recent interview, Hoskinson highlighted how the launch of official memecoins by President Trump and First Lady Melania Trump in February 2025 shifted the regulatory debate from technical discussions to partisan politics, stalling key legislation. Hoskinson detailed how the memecoin launch disrupted the momentum of two significant bills: the GENIUS Act, aimed at establishing a federal framework for stablecoin oversight, and the CLARITY Act, designed to clarify digital asset classification. Both bills had bipartisan support but were indefinitely delayed as the political landscape shifted. The Cardano founder contrasted this with the Biden administration's approach, which focused on enforcement actions through agencies like the SEC. While this created regulatory uncertainty, Hoskinson argues that Trump's actions politicized the issue, hindering legislative progress and affecting the U.S. crypto market's growth and investment climate.