According to news on January 19, Cardano co-founder Charles Hoskinson posted on X that 78.5% of Trump’s net worth of $29.6 billion is cryptocurrency, making him one of the richest cryptocurrency entrepreneurs. This is mainly due to the Meme coin TRUMP issued by Trump. Hoskinson also noted that Trump’s extensive involvement in cryptocurrencies could lead to significant changes in the industry. His administration may redefine IRS policy on capital gains taxes and fair market value assessments of digital assets, anticipated changes that could impact the regulatory framework for the cryptocurrency industry.