A big, fat “kill switch” designed to crush innovation with alarming government power is on the horizon.
In a fresh YouTube livestream that’s making waves across crypto circles, Charles Hoskinson, the mastermind behind Cardano , didn’t hold back when dissecting a recently leaked Senate Democrats’ proposal aimed at regulating decentralized finance (DeFi).
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The verdict is scarry.
Not decentralized enough?
Hoskinson walked through the proposal, waving a big red flag over its most troubling point, like the US Treasury would gain the ability to blacklist DeFi protocols with absolutely no court, no jury, and no appeals.
Sounds very American, huh? Picture a digital guillotine dangling over the heads of these projects, ready to chop anything deemed not decentralized enough on a whim.
The founder Cardano and co-founder of Ethereum, Charles Hoskinson, eviscerates Democrats for their anti-cryptocurrency stance and overall hypocrisy on major issues within the United States.
He asks, "What do you stand for?" pic.twitter.com/OVvb5Aeku3
— Planet Of Memes (@PlanetOfMemes) October 10, 2025
Hoskinson says this means regulators get unchecked authority to kill any DeFi protocol instantly. Talk about a bureaucratic boss fight with no chance of escape.
And it doesn’t stop there. The proposal also drags developers through the mud by labeling anyone building or running a DeFi front-end a potential regulated intermediary.
Hoskinson’s take? That’s a fast track to turning every single DeFi coder into a criminal. And yea, it’s like outlawing the very inventors of the wheel, because criminals’ cars.
Centralizing the power
Taking a broader jab, Hoskinson didn’t just critique the bill, he also shredded the Democratic Party’s image, accusing them of abandoning the little guy, his words, the everyday DeFi user who downloads a wallet, flips NFTs, or jumps on memecoins.
He argued the party’s real agenda is muscle-flexing, centralizing power, and bowing to big institutions like Chase or Goldman Sachs, not championing the masses who actually built crypto’s grassroots.
The stakes here stretch far beyond political theater. Hoskinson warned that if the US crushes the crypto space, which he sees swelling from a $4 trillion to a $10 trillion market, it’d hand a colossal economic advantage on a silver platter to other countries sprinting ahead in the digital race.
The real path
Closing his fiery session, Hoskinson urged viewers to flood their senators with opposition letters.
He championed a different crypto market structure bill, already gaining bipartisan traction, as the real path forward.
“Don’t let a small cabal of Democrat senators sabotage progress. Make some noise. The future of crypto depends on it. We can’t lose this fight.”
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
