Cardano (ADA) founder Charles Hoskinson isn't holding back anymore. In a Sunday interview on The Wolf Of All Streets Podcast, he unloaded on the Trump administration's cryptocurrency strategy, with White House crypto czar David Sacks squarely in his crosshairs.

An Ultimatum for Sacks

Hoskinson's message was blunt: if the cryptocurrency market structure bill doesn't pass during the first quarter, Sacks needs to go. "If it doesn't pass this quarter, I think David Sacks should resign. He's utterly failed us as an industry," Hoskinson said.

The criticism doesn't stop there. Hoskinson pointed to the market's performance since President Donald Trump took office, noting that most cryptocurrency tokens have slumped. "If you're the czar and you're in charge of this whole thing, I've got to judge you by your track record," he added. Fair point when the scoreboard isn't looking great.

The Memecoin Problem

Hoskinson also took aim at the Official Trump (TRUMP) memecoin launch, which he labeled "catastrophic" for the industry. He blamed Sacks for failing to use his influence to prevent Trump from launching projects that have complicated efforts to pass meaningful cryptocurrency legislation.

The political implications worry Hoskinson too. He warned that Democrats would likely make cryptocurrency a campaign issue in the midterm elections, running on an anti-crypto platform. "And the problem is Trump's name's on it. So it's really hard to run away from it and say he had nothing to do with it," Hoskinson explained.

For context, Sacks is a prominent venture capitalist who was appointed as the White House A.I. & Crypto Czar by Trump in December 2024. Sen. Elizabeth Warren (D-Mass.) raised concerns last year about Sacks potentially exceeding his term limit as a special government employee to "influence" cryptocurrency policy.

Sacks didn't immediately return MarketDash's request for comment.

From Cheerleader to Critic

The sharp criticism marks quite a shift for Hoskinson, who was one of Trump's most enthusiastic supporters heading into the 2024 presidential election. He frequently accused former President Joe Biden of actively working to suppress the cryptocurrency industry.

There's an added twist of irony here: Trump actually mentioned ADA, Cardano's native token, as one of the assets that would comprise the U.S. cryptocurrency reserve. That sounded promising until David Sacks later walked it back, clarifying that the list was likely just an illustration of leading market-cap assets rather than a definitive plan.

So much for that endorsement.