Cardano Pulled Out Of El Salvador Deal, Hoskinson Claims
BitcoinistTuesday, July 8, 2025 at 4:00:07 PM
Charles Hoskinson, the founder of Cardano, just dropped a bombshell in a recent interview: his team walked away from a potential deal with El Salvador’s government. Why? Because the proposed crypto airdrop—meant to boost adoption—reportedly included members of the notorious MS-13 gang. Hoskinson cited "serious legal and geopolitical concerns" as the dealbreaker, hinting at the messy ethical and regulatory pitfalls of mixing crypto with high-risk politics.
Editor’s Note: This isn’t just insider crypto drama—it’s a stark reminder of how tangled things get when governments try to fast-track crypto adoption. El Salvador’s aggressive Bitcoin push has already raised eyebrows, but Cardano’s exit suggests even blockchain advocates have limits. The MS-13 angle adds a dark twist, spotlighting how crypto’s anonymity can attract bad actors. For the industry, it’s another wake-up call: mass adoption isn’t just about tech—it’s about navigating real-world risks.
— Curated via WP Now’s
