Hoskinson stressed the importance of gaining support from both parties for cryptocurrency-friendly policies. In the U.S., Cardano, like other well-known blockchain networks such as Bitcoin, has always been under the scrutiny of regulators.
He announced that his organization, Input Output Global (IOG), will create a policy office dedicated to regulating cryptocurrencies. This office will focus on regulations such as the Responsible Financial Innovation Act (RFIA) and the Financial Innovation and Technology for the 21st Century Act (FIT21).
Hoskinson said: I will work with lawmakers to create legislation that has bipartisan support.
The FIT21 proposal, as noted by the #Cardano founder, has the support of more than 60 Democrats, indicating bipartisan support for #cryptocurrency legislation.
Hoskinson believes that with the cooperation of the Republican-controlled Senate and House of Representatives, as well as the president, the cryptocurrency sector can achieve regulatory clarity. This is the most significant opportunity to bring clarity to the history of the cryptocurrency sector.
Hoskinson's remarks underscore the importance of political cooperation in order to develop the cryptocurrency sector in a more regulated and secure environment; the IOG initiative has the potential to have a significant impact on the development of future regulations.
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