Cryptocurrency Market Structure Bill Stalls, Industry Leaders Voice Policy Dilemma

【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.