Hoskinson Calls for Trump to Divest from Crypto Business Amid Conflict of Interest Concerns
Cardano founder Charles Hoskinson has expressed concern about U.S. President Donald Trump's involvement in cryptocurrency markets while in office.
Hoskinson stated that Trump should step away from crypto-related business interests, citing a conflict of interest due to the president's access to non-public information.
In an interview with The Crypto Basic, Hoskinson described Trump as 'the ultimate insider' and emphasized that no sitting president should participate directly in the cryptocurrency market while holding office.
Hoskinson's comments align with those of Democratic Senator Elizabeth Warren, who has criticized the CLARITY Act for lacking sufficient safeguards to prevent a president from profiting from crypto businesses while in office.