Trump’s Crypto Pick ‘Rule by Tweet’ – ADA & XRP Slammed 😒

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Charles Hoskinson, the ever-eloquent architect of Cardano, has delivered a critique of President Trump’s proposed crypto reserve so scathing it could curdle milk from here to the moon. With all the subtlety of a sledgehammer, he denounced the inclusion of XRP, ADA, and Solana as a chaotic muddle of “rule by tweet,” a phrase that might just become the industry’s new favorite epithet. 🤡

In a recent chat with Coindesk (because nothing says “authority” like a chat), Hoskinson sniffed out the lack of “rhyme or reason” in the token selection. “If someone asked me,” he said, “I would have said do Bitcoin only. And if you want multiple assets, then use an index with clear rules and independent oversight-like a grown-up.” 🤷♂️

Allegations of Poor Process and Market Impact

Hoskinson, ever the stickler for procedure, argued that the announcement blurred the line between regulation and procurement like a toddler with a paintbrush. He suggested that crypto rulemaking should focus on “clear standards for networks and decentralized finance,” while government purchases should follow “strict, transparent procurement rules”-a concept so radical it could start a revolution. 🚨

Instead, he claimed, the whole affair resembled “rule by tweet,” a phrase that sounds suspiciously like a tweet itself. The result? A price surge that enriched early insiders and left retail investors clutching their wallets like a doomed lover. “It was extractive,” he sighed, as if commenting on a bad dinner party. 🍽️💸

Hoskinson also questioned the logic behind selecting specific tokens. “If inclusion was based on market size,” he deadpanned, “other large networks should have qualified as well.” The inconsistency, he argued, only deepened skepticism-a feeling many crypto enthusiasts already possess. 🤔

Political Risks for the Crypto Industry

Beyond the market chaos, Hoskinson warned of a political firestorm. He predicted that poorly designed crypto policy could become a partisan weapon, turning the industry into a “narrative where crypto equals Trump, Trump equals corruption, and therefore crypto equals corruption.” A triple entendre so elegant it could win a Nobel. 🏆

He added that if Democrats reclaim the House, the crypto sector might face investigations so relentless they’d make J. Edgar Hoover blush. In such a climate, the reserve proposal could be cited as evidence of “favoritism and regulatory capture,” regardless of the truth. A fate as inevitable as taxes. 💸

Call for Objective Standards

To avoid this dystopia, Hoskinson proposed a solution so institutional it could make a Swiss bank weep: independent crypto ratings agencies and clearly defined indices. “This industry needs legitimacy,” he declared, as if speaking to a room full of imps. “And legitimacy comes from clear standards, not sudden announcements that move prices and raise questions later.” A lesson in humility for the digital age. 🙏

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2026-01-13 20:37