Cardano Founder Charles Hoskinson Confirms Plans to Collaborate with the U.S. Government under Donald Trump to Help Shape Crypto Legislation

The goal is to create clear regulatory frameworks for the cryptocurrency industry, which has faced years of uncertainty and regulatory challenges.

Cardano Founder Charles Hoskinson has unveiled plans to collaborate with the U.S. government under Donald Trump to help shape cryptocurrency legislation. The goal is to create clear regulatory frameworks for the cryptocurrency industry, which has faced years of uncertainty and regulatory challenges.

Hoskinson revealed these plans in recent remarks, highlighting the need for support from both Democrats and Republicans to develop positive policies concerning cryptocurrency. This development comes as Cardano and other major blockchain networks, including Bitcoin, continue to face legal challenges from U.S. agencies.

Cardano Founder Charles Hoskinson Crypto Advisor Role

Cardano Founder Charles Hoskinson stated that his company, Input Output Global (IOG), will be establishing a separate policy division for crypto regulations. The office will focus on developing a legislative framework that incorporates provisions of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).

“I will work with lawmakers and the administration to get a bipartisan bill passed,” he said.

The Cardano founder emphasized the importance of cooperation across party lines, highlighting how the recent FIT21 bill passed in the House with over 60 Democrat votes, showing growing support for bipartisan crypto legislation.

Charles Hoskinson’s statement also touched on the potential influence of a Republican-controlled Senate, House, and presidency in the coming years. He noted that the current political climate may offer the industry a chance to find the legal status it needs.

“This is the best opportunity we have ever had in the history of the industry to get clarity,” he said.

Establishing a Policy Office for Crypto Regulation

In his strategy, Charles Hoskinson said that IOG will hire for its new policy office by early 2025. The office will also interact with the legislative branch and the management of industries, promoting moderate regulation. Hoskinson explained that his team will start to approach the “key leaders in certain positions” to push forward a legislative agenda that defines securities and commodities concerning the crypto space.

He also noted that the industry does not want favors but rather rules that can facilitate the industry in coming up with new products without running afoul of the law. “No one in this industry has asked for a subsidy or a bail out,” he said. Amid these political shifts, the US SEC chair Gary Gensler is set to step down as the crypto community awaits Donald Trump’s promise of firing him on day one of after swearing in.

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