Cardano's founder has sharply criticized the current policy ecosystem. He pointed out that by allowing projects like Trump Coin to exist, those in power are essentially opening the door to predatory behavior.

This view touches on a core pain point: when political figures participate in the crypto ecosystem, there is often a lack of adequate risk prevention mechanisms. For example, memecoins endorsed by political figures can easily become tools for pump-and-dump schemes, with ordinary investors bearing the brunt.

He further noted that the existing bipartisan regulatory consensus is disintegrating. This means the crypto industry has lost a relatively rational regulatory framework acceptable to both parties. Without such a framework, the market is prone to chaos—on one hand, speculative bubbles keep inflating, and on the other, genuine projects are affected.

This issue is no small matter for the entire industry. When politics and crypto intersect,利益驱动 often outweighs technical rationality. Finding a balance between open innovation and investor protection is the key.