Headline: Джастин Сан теряет миллионы в проекте Трампа, на фоне критики Хоскинсона за его цифровую политику Translation: Justin Sun loses millions in Trumps project amid Hoskinsons criticism of his digital policy.

Charles Hoskinson Criticizes the US President’s Approach to Digital Assets

Justin Sun, founder of Tron, remains blacklisted by the DeFi project World Liberty Financial. Since September, the value of his frozen WLFI coins has plummeted by $60 million, according to analysts from Bubblemaps.

The platform blocked the entrepreneur’s address after he transferred 50 million WLFI (approximately $9 million at the time) to the HTX exchange. He explained that this transfer was part of «routine deposit tests» involving small amounts, and he had no intention of selling the coins.

Sun’s «punishment» came as a surprise, given his active support for various projects associated with the family of former US President Donald Trump. The Tron founder had pledged to purchase $100 million worth of the TRUMP meme coin and had invested $75 million in WLFI, making him the largest token holder.

He even attended a gala dinner hosted by Trump, at which the president presented him with personalized watches.

«I contributed not just capital, but also my trust and support for the future of this project. My goal has always been to grow alongside the team and community and to collaboratively build a strong and healthy WLF ecosystem. However, during operations, my tokens were unjustly frozen,» Sun wrote in the fall.

Trading of the WLFI token began on September 1. Since then, its price has declined by over 40%. At its peak, the coin was valued at $0.24 with a market capitalization of $6.6 billion. As of this writing, these figures stand at $0.13 and $3.6 billion.

In an interview with Decrypt, Charles Hoskinson, founder of Cardano, criticized Trump’s approach to digital assets, labeling the president’s initiatives as «disappointing.»

Hoskinson believes that the politician has jeopardized the integrity of the entire industry in the US. The passage of the Clarity Act was meant to be a turning point for the market. However, the launch of Trump’s meme coin negatively affected public perception of cryptocurrencies.

«When the ‘Trump coin’ emerged, everything shifted from ‘cryptocurrency as apolitical’ to the equation ‘cryptocurrency = Trump = bad = corruption’,» Hoskinson stated.

This initiative politically «tied the hands» of Democrats. Support for the Clarity Act is now seen as an implicit endorsement of the president. Consequently, the bill has transformed from a potential bipartisan compromise into a bargaining chip and a form of leverage for the upcoming midterm elections.

Hoskinson mentioned that others in the industry share similar views but are hesitant to voice them.

«We were warned: ‘Keep your mouth shut. Anything you say could close all doors for you. You’ll lose the chance to meet with the president, and you’ll be sidelined from the legislative process and any other meaningful work.’ This was an unspoken but widely accepted rule,» he explained.

Hoskinson emphasized that Trump’s involvement blurred the line between politics and personal interests, weakening the market’s position in Washington at a critical time when legislators were seriously discussing digital asset regulation.

«[Trump] just triggered a massive market disruption and will likely receive a subpoena when the Democrats return to power. As a private citizen, he has every right to do such things, but he must understand that he is inseparable from the perception of the decisions he makes,» he remarked.

It’s worth noting that Hoskinson had previously expressed concerns about Trump’s influence on the crypto market back in November, stating that the Trump administration was «somewhat ineffective» for the industry.