In a new AMA, he told the community that Cardano (ADA) is not only thriving but, by some measures, even outpacing Bitcoin (BTC).
He also used the moment to weigh in on U.S. stablecoin regulation, arguing that Washington could be doing far better in laying the groundwork for innovation.
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Citing Cardano’s “strong” governance, ecosystem, roadmap, major launches, and other wins such as the Midnight launch, Hoskinson claps back at those complaining about Cardano not breaking past its previous all-time high.
“We actually outperformed Bitcoin this year. Look it up. But that’s not good enough, is it, no,” Hoskinson quipped.
“We’ve gone from $0.25 to nearly a dollar in a reasonable period of time,” Hoskinson argued. “Even though the U.S. government was tweeting about it, the President was tweeting about it. But no, it’s not good enough — [expletive] those guys, you know, you should be $3 or else you’re a scam.”
In addition, Hoskinson interestingly noted a strong chance that the Trump-backed World Liberty Financial USD (USD1) stablecoin will be integrated onto Midnight and Cardano.
He notes that recent regulatory revelations in the U.S., namely the GENIUS Act, may prove difficult, as “the Fed doesn’t know how to regulate GENIUS.”
The Cardano founder explains that it was tasked with regulating stablecoins without any statutory authority, with rulemaking responsibilities split across three agencies.
He goes on to posit that this is why government shouldn’t get involved in private industry. That said, he leaves it at that, whereas he has previously been very vocal about the development.
Hoskinson was critical of the project, which he believes snubbed Cardano and other highly capable blockchains, stating that its exclusion violated state procurement laws.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
