Cardano founder Charles Hoskinson has announced a significant initiative aimed at shaping the future of cryptocurrency regulation. His company, Input Output Global (IOG), is establishing a dedicated policy department to work closely with lawmakers and government officials on a bipartisan bill that will support responsible financial innovation. This department will focus on developing a regulatory framework that aligns with the 21st Century Financial Innovation and Technology Act (FIT21) and the Responsible Financial Innovation Act (RFIA), with the goal of balancing innovation with sound financial practices.
Hoskinson’s proactive approach reflects a commitment to creating a regulatory environment that supports the evolving cryptocurrency industry. Through active collaboration with policymakers, IOG aims to drive legislation that addresses the unique needs of digital assets and blockchain technology, promoting financial stability while fostering technological advancement. This strategic move highlights the growing need for customized regulatory solutions that will help shape a responsible and innovative future for digital finance.