Cardano and Ethereum co-founder Charles Hoskinson expresses concern over the new DeFi platform venture of former President Donald Trump known as World Liberty Financial.
Hoskinson warns that Trump's involvement in crypto could lead to political polarization and potential backlash from Democrats, affecting regulations and stifling industry innovation and growth.
Hoskinson criticizes Trump and Vice President Kamala Harris for lacking a clear vision and understanding of cryptocurrency regulation, which is concerning considering their potential leadership roles in America.
The potential politicization of World Liberty Financial could have far-reaching implications for the crypto sector, with the possibility of projects moving offshore to more favorable regulatory environments.