Charles Hoskinson Aims to Shape Crypto Regulations With Incoming Trump Administration Amid Rising Cardano ADA Token Value
The post Charles Hoskinson Aims to Shape Crypto Regulations With Incoming Trump Administration Amid Rising Cardano ADA Token Value appeared on BitcoinEthereumNews.com.
Charles Hoskinson, the founder of Cardano, is poised to partner with the incoming Trump administration to establish a definitive regulatory framework for cryptocurrencies. Input Output Global (IOG) plans to launch a dedicated policy division aimed at engaging lawmakers and fostering constructive dialogue regarding crypto regulations. The announcement aligns with a notable surge in Cardano’s ADA token, which has experienced a 34% increase, reflecting renewed optimism among investors in the market. Charles Hoskinson aims to influence US crypto regulation through collaboration with the Trump administration, coinciding with a 34% surge in ADA prices. Hoskinson’s Initiative to Shape Future Crypto Regulations In a critical move for the cryptocurrency landscape, Charles Hoskinson declared on November 9, his intention to collaborate closely with the Trump administration to develop comprehensive regulatory guidelines. This initiative comes at a time of significant momentum for the crypto sector, highlighted by a 34% increase in the value of Cardano’s ADA token, buoyed by a broader resurgence in digital assets. Establishment of Policy Division at Input Output Global During a recent announcement via video, Hoskinson outlined his vision for a new policy division within his company, Input Output Global (IOG). This division is designed to serve as a conduit between the cryptocurrency industry and lawmakers, fostering a collaborative environment for crafting legislation. Hoskinson emphasized the importance of aligning regulatory efforts with key legislative frameworks such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA). He articulated a commitment to engaging with both lawmakers and other industry leaders, indicating that the office will begin recruitment efforts in early 2025. “The crypto policy should be written by the American people, the American crypto industry, and well-meaning lawmakers who are willing to take the time to listen,” Hoskinson asserted. Impact of the Political…
Filed under: News - @ November 11, 2024 1:58 am