The post Cardano Hits 7-Month High as Founder Eyes Hopeful Role in Shaping Trump Crypto Policy appeared on BitcoinEthereumNews.com.

On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest points since April after its founder said he would play a role in shaping crypto policy in the U.S. next year. On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest point since April after its founder said he would play a role in shaping crypto policy in the U.S. next year. ADA rose by as much as 33% on the day to $0.64 before paring back gains to stand at 0.58 by press time, CoinGecko data shows. ADA rose as much as 33% on the day to $0.64 before paring back gain to stand at $0.58 by press time, CoinGecko data shows. It follows Cardano founder Charles Hoskinson’s declaration he would aim to position himself as a prominent voice in President-elect Donald Trump’s ear when he takes power on January 20. “A large part of my time in 2025 will also be devoted to the political process,” Hoskinson said Saturday in a video statement posted by Cardano-based wallet, NFT, and token tracking platform TapTools. He continued: “I’m going to be spending quite a bit of time working with lawmakers in Washington, D.C., and quite a bit of time working with members of the [Trump] administration to help foster and facilitate, with other key leaders in [the] industry, crypto policy.” To be clear, Hoskinson has not been tapped by Trump’s inner circle to head up a position on crypto. However, the former president has promised to listen to those from within the industry to shape future regulations affecting it. As a prominent figure in the crypto and blockchain space, Hoskinson is known primarily as a co-founder of Ethereum…

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Filed under: News - @ November 11, 2024 8:19 pm