Cryptocurrency Market Structure Bill Stalls, Industry Leaders Voice Policy Dilemma

LiquidityWitch · 2026-01-12T10:20:11+00:00

Cardano founder Hoskinson criticizes White House crypto chief Sacks for failing to push key legislation and suggests considering resignation if there is no progress. He is dissatisfied with the official Trump meme coin, concerned that it may intensify anti-crypto forces, and emphasizes the industry's anxiety over regulatory progress and expectations for market structure reforms.

LiquidityWitch

2026-01-12 10:20:11

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【Crypto World】Cardano founder Charles Hoskinson recently openly pointed out that the White House’s cryptocurrency affairs chief, David Sacks, has been ineffective in advancing key industry legislation. He stated that if important bills related to the market structure of cryptocurrencies do not make progress this quarter, Sacks should consider stepping down.

Hoskinson’s criticism directly targets the various obstacles faced by the crypto industry during the current government period, which he believes are closely related to Sacks’ work. What particularly displeased him is the emergence of the “Official Trump” (TRUMP) meme coin — he described this move as “disastrous,” fearing it could give anti-cryptocurrency forces a talking point and further intensify political polarization.

These remarks reflect industry anxiety over the current regulatory progress. Market structure reforms are crucial for the long-term development of the crypto ecosystem, and policy stagnation will undoubtedly undermine investor confidence. Based on statements from mainstream projects like Cardano, the industry is expecting a more efficient policy promotion mechanism rather than repeated political turmoil.

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BackrowObserver

· 13h ago

That guy Sax is really a bit disappointing. Creating TRUMP coin and claiming to be official... That's really something. Isn't he just shooting himself in the foot?

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MetaverseLandlord

· 01-12 10:50

That guy Sachs is really a bit disappointing. The TRUMP coin thing is just hilarious. Isn't this pushing all of us into a trap?

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MetaverseLandlord

· 01-12 10:50

Hoskenson, this guy really dares to speak up, directly diss Sacks and not work... But to be honest, the policy bottleneck is really annoying. Why bother with official meme coins? Isn't that just shooting yourself in the foot?

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CryptoCrazyGF

· 01-12 10:49

Wow, Hoskinson is directly cursing? This guy really isn't holding back anymore, Sacks has been called out. When policies get stuck, everyone feels uncomfortable, but blaming others also requires evidence... The TRUMP coin incident is indeed outrageous, feels like things are getting more and more chaotic. No progress on legislation, and the market has to suffer along with it. Honestly, we retail investors are the ones who suffer the most. Here we go again with that "either do it or get out" pressure rhetoric. Who are politicians listening to?

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MEVictim

· 01-12 10:48

Hoskinson is blaming others again, blaming Sacks for low efficiency... But to be honest, who in our industry isn't waiting for policies? The TRUMP coin incident was indeed outrageous.

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SmartContractPhobia

· 01-12 10:32

Hoskison is right, Sax's progress is indeed disappointing. --- TRUMP coin is really outrageous, giving the bears so much ammunition. --- The industry is waiting for policies, but the policies are just lollygagging... So we’ve been disappointed for nothing. --- Talking about resignation is serious, but someone really needs to be held accountable. --- If regulations don't advance, what can we do? That's the real problem. --- Listen, what the crypto market needs most right now is certainty. They are still playing political games. --- The meme coin situation is just ridiculous. If it were me, I’d explode. --- The problem isn’t just Sax, right? The whole system is like this. --- It’s urgent, really urgent. Q1 has already passed, and it’s still like this.

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