Rich by Coin

Cardano (CRYPTO: ADA) slipped toward key support on Wednesday after Charles Hoskinson said the Trump-era crypto boom became a “rib-crushing hug” that threw the market’s normal cycle off balance.
Hoskinson said during an interview that the industry, including himself, entered 2025 expecting Trump’s pro-cryptocurrency stance to be a major tailwind.
He said the opposite happened, arguing that rapid political enthusiasm created an irrational rush of capital and disrupted the ecosystem’s typical four-year rhythm.
The Cardano co-founder described the U.S. government’s involvement as a “rib-crushing hug,” saying large-scale support introduced instability rather than clarity.