Cardano creator Charles Hoskinson intends to regulate crypto alongside Trump’s government.
Charles Hoskinson, Cardano’s creator, hopes to work with Trump’s government to clarify crypto regulations. The crypto CEO announced his 2025 political intentions in an X livestream. Hoskinson originally backed Trump’s aide Robert F. Kennedy Jr.
Ethereum co-founder and Cardano creator Charles Hoskinson announced his political involvement in crypto laws next year. In a recent live broadcast, the crypto boss said that he would spend a lot of time in 2025 working with politicians to improve crypto rules and market transparency. Charles Hoskinson said he would draft U.S. crypto rules with other industry executives.
Hoskinson said that the SEC has swept Cardano, Solana, Ethereum, and Ripple ecosystems because to unclear legislation. Despite unleashing institutional funding for Bitcoin early this year via exchange-traded funds (ETFs), the crypto pioneer says the U.S. SEC has damaged the Bitcoin ecosystem.
Hoskinson opposed BlackRock dictating US crypto policy. The U.S. crypto sector and well-meaning policymakers should write crypto regulations, Hoskinson said.
Hoskinson said that he is creating an input-out policy bureau for January 2025. The agency will support reasonable regulation with legislators and industry management.
Hoskinson said his team would contact leaders to expedite crypto securities and commodities legislation. He also stressed the need of cross-party alliance, noting that the House approved the FIT21 measure with over 60 Democrat votes.
Hoskinson said in the live video that no industry participant had asked regulatory benefits. A opportunity to develop and generate value via companies and jobs is all the sector wants.
The Cardano creator also said he knows several politicians. He stated he would try to talk to them about crypto policy adjustments.
Charles Hoskinson formally backed Robert F. Kennedy Jr. as the best presidential contender in August. He supported RFK’s withdrawal from the presidential contest and alliance with Trump.
The current Cardano price is $0.58. According to CoinMarketCap, the crypto asset has risen 34% in 24 hours and over 70% in 7 days. Cardano’s 24-hour trading volume is close to $2 billion, and its market value is $20.4 billion. Bitcoin, however, reached $79,238—a record. The cryptocurrency has climbed 3.19% in 24 hours and 15.75% in 7 days.
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