Cardano (ADA) Founder Charles Hoskinson and Tether CEO Paolo Ardoino talked about the Falling Market and Customs Duties!

Industry leaders suggest that the renewed U.S. tariffs under President Donald Trump could rekindle interest in cryptocurrencies, as Bitcoin slightly recovered today despite escalating global trade tensions.

Industry leaders suggest that the renewed U.S. tariffs under President Donald Trump could rekindle interest in cryptocurrencies, as Bitcoin rebounded on Wednesday despite escalating global trade tensions.

The crypto market struggled in 2025, losing much of the momentum it gained after Trump’s election victory. Prices fell further last week after the U.S. reimposed tariffs on many of its trade partners.

Nevertheless, significant figures in the crypto industry believe that geopolitical instability and trade restrictions could ultimately facilitate the adoption of blockchain-based alternatives.

Charles Hoskinson, co-founder of the Cardano and Ethereum blockchains, said during a conference in Paris, “This is the biggest example of why we need blockchain cryptocurrencies” and added, “It shouldn’t be a matter of a handful of people fundamentally changing or destroying the global economy.”

Hoskinson, who actively advises US lawmakers on digital asset regulations, pointed to the growing political interest in blockchain solutions. Notably, Trump’s recent mention of Cardano’s ADA token as a possible component of a future US crypto strategic reserve drew attention.

Paolo Ardoino, CEO of Tether, the company behind the world’s largest stablecoin, also stated in an interview with the Financial Times that customs tariffs could drive more countries towards cryptocurrencies.

Ardoino said, “Customs duties will make it difficult for many countries to cope with rising import costs,” and added, “We see that the countries where stablecoins like Tether are most adopted are economies facing devaluation and inflation.”