Emily Walker
Shytoshi Kusama, the main developer behind Shiba Inu, recently mocked Charles Hoskinson, the founder of Cardano, regarding his supposed connections with the upcoming Trump administration and its cryptocurrency policies. This incident gained considerable traction within the crypto community on social media platform X.
Previously, Hoskinson had revealed plans to collaborate with lawmakers to establish clear and favorable regulations for the crypto sector. He aims to create a special policy team at his firm, Input Output Global, to help shape the legislative environment for crypto innovation.
There have been speculations about Hoskinson potentially taking on a significant role as a cryptocurrency policy advisor in the Trump administration, a notion fueled by his past relationships and endorsements of individuals connected to Trump, including Robert Kennedy Jr.
Shiba Inu’s Developer Takes a jab at Hoskinson
In a series of live streams over the past two days, Hoskinson detailed his plans to work with the Trump administration on cryptocurrency policies slated for 2025. In response, Kusama publicly questioned the credibility of Hoskinson’s assertions, hinting that the Cardano founder might be exaggerating his level of influence.
Kusama shared a tweet by AltcoinDaily, a well-known YouTuber, which read, “Cardano Founder to work with Trump Administration on crypto policy in 2025.” He expressed his disbelief by replying, “Seriously?!!!!” followed by another post that read, “Oh I see the wording now. Guess that’s why he announced it and not Trump Administration. Lol.”
Seriously?!!!! pic.twitter.com/ScI8uvPBB7
— Shytoshi Kusama (@ShytoshiKusama) November 10, 2024
Continuing his criticism, Kusama further declared, “LET ME SAY THIS ONCE AND LOUD AND CLEAR. IF I EVER ANNOUNCE WORKING WITH ANY WORLD GOVERNMENT IN ANY CAPACITY, THE GOVERNMENT WILL ANNOUNCE AS WELL. SINCERELY, SHY.” His comments emphasize the lack of any formal acknowledgment from the Trump administration regarding Hoskinson’s claims. As of now, Hoskinson has not responded to Kusama’s mockery.
Interestingly, Kusama has also been proactive in designing proposals for government collaborations. On November 5, he unveiled the Strategic Hub for Innovation in Blockchain (S.H.I.B.) in a blog post. This initiative aims to convert a US city into a global blockchain technology hub focusing on sustainable development. The project includes building advanced facilities, offering economic incentives, nurturing talent, establishing favorable regulations, and promoting environmentally friendly practices.
The S.H.I.B. project is estimated to cost between $1.3 billion and $2.35 billion, intending to generate significant economic activity, create quality jobs, and position the US as a frontrunner in emerging technologies. The proposal highlights the incorporation of renewable energy and efficient technologies to support national environmental goals. Expected outcomes feature thousands of jobs, educational initiatives, and substantial contributions to both local and national economies.
Despite the ambitious vision, Kusama remarked on the absence of feedback from the Trump administration. He expressed his frustration on November 10, stating, “Hey #SHIBARMY, since this was properly ignored (for now) by the USA. Where else in the world could this be adopted as a physical, revenue-generating location? Any takers??? Maybe I should ping Japan?”
To support Kusama’s initiative, Lucie, the marketing lead for Shiba Inu, suggested alternative locations that align with the S.H.I.B. concept. She noted, “Based on the whole S.H.I.B proposal, my AI suggested approaching these states,” naming Switzerland, Singapore, Estonia, the United Arab Emirates (Dubai), and Malta, among others.
As of the latest updates, the trading value of Shiba Inu is $0.00002589.
