Cardano’s Charles Hoskinson Wants To Play Kingmaker In U.S. Crypto Regulation
The post Cardano’s Charles Hoskinson Wants To Play Kingmaker In U.S. Crypto Regulation appeared on BitcoinEthereumNews.com.
Cardano founder Charles Hoskinson says he wants to help the United States establish a crypto-friendly regulatory regime once President-elect Donald Trump returns to the White House. He believes he can play a central role in the process, helping to facilitate conversations between prominent figures in the crypto industry and Trump’s “Crypto Czar”. Hoskinson’s comments came during an interview with COTI founder and CEO Shahaf Bar-Geffen, where he explained that the U.S. has fallen far behind other, more forward-thinking nations in Europe, the MiddleEast and Asia. He points out that countries like Israel and Japan has already established progressive regulations to foster the growth of crypto, whereas the U.S. has taken a much more hostile stance towards the industry. That will change under Trump, Hoskinson said. “The current President created this situation, but the upcoming President, Trump, wants to fix it,” he said. “So he’s going to appoint a Crypto Tzar, he’s going to work with the Senate and Congress now that there’s a unified government, and he’s going to appoint a pro-crypto SEC chair and CFTC chair.” Crypto Industry Must Step Up Now It’s not yet clear who Trump will turn to as his Crypto Czar. For days, it was said that ex-PayPal Chief Operating Officer David Sacks was the front-runner to land the job, but it’s said that he has since been sidelined due to his refusal to fully divest from his investment firm, Craft Ventures. Nonetheless, Hoskinson said Trump’s promise to hire somebody to take control of the crypto industry is a major step towards the U.S. introducing a more accommodating regulatory environment. What the crypto industry needs to do is take the initiative, and start looking at new ways in which emerging technologies like decentralized finance, decentralized autonomous organizations and smart contracts can be better regulated. “The…
Filed under: News - @ December 23, 2024 3:27 pm