In this powerful interview, Charles Hoskinson breaks down one of the most difficult periods in crypto history. He explains how aggressive government involvement, political “memecoins,” and failed bipartisan regulation have damaged retail trust and shifted control toward Wall Street institutions.
Hoskinson criticizes both the current administration and the Trump team for missing the chance to create clear, neutral crypto regulation — leaving decentralization behind. He then outlines his vision for a fourth-generation blockchain era, focused on chain abstraction, selective privacy, smart compliance, and real-world usability.
The conversation highlights Cardano’s move to full on-chain governance as a blueprint for sustainable decentralization without reliance on a single leader. Looking ahead to 2026, Hoskinson believes today’s stagnation is a necessary reset before a more mature, utility-driven crypto ecosystem emerges.
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