Charles Hoskinson has clarified his intentions for the future of the crypto space within U.S. jurisdiction, revealing plans to collaborate with the Trump administration.
Charles Hoskinson, the founder of the Cardano blockchain and co-founder of Ethereum, launched Cardano in 2017 through his organisation Input Output Hong Kong Global (IOG). Since its inception, IOG has worked to enhance Cardano in phases to make it a practical solution to the limitations of traditional digital technology.
On November 10, 2024, Hoskinson discussed his future plans in a live YouTube session, expressing his intent to drive crypto and blockchain technology under more favourable regulations in the U.S. He highlighted the need to secure bipartisan support for crypto-friendly policies, given the ongoing regulatory scrutiny faced by Cardano ($ADA), Bitcoin, and other major crypto networks in the U.S.
Hoskinson announced that IOG will establish a Crypto Policy Office focused on digital asset regulation, addressing legislation such as the Responsible Financial Innovation Act (RFIA) and the Financial Innovation and Technology for the 21st Century Act (FIT21). He also emphasised his intention to work directly with lawmakers to develop a bill with support from both parties.
I'm Back https://t.co/55sN3N7Xq8
— Charles Hoskinson (@IOHK_Charles) November 9, 2024
Additionally, Hoskinson discussed potential adoption of Cardano’s blockchain technology to simplify Bitcoin use on the Cardano blockchain in a fully decentralised manner.
Charles Hoskinson on why Bitcoin is still king, and how BOS is patching its flaws. 🟠🤝🔵"Because of things like BitcoinOS, it now means that Bitcoin can stay the way it is, and still enjoy all of the magic that our industry has constructed."– @IOHK_Charles pic.twitter.com/ivWG4RctIk
— BitcoinOS (@BTC_OS) November 10, 2024
$ADA Price Action
The trade price of ADA, Cardano’s native token, is currently $0.59, marking a 34% increase over the past 24 hours—a significant jump for any leading cryptocurrency in such a short timeframe.
The current trade price of #Cardano ($Ada) coin is $0.59 pic.twitter.com/QbBSw9py9B
— Bitcoinik (@Bitcoinikdotcom) November 10, 2024
Hoskinson also commented on this price surge. Known for his generally calm stance on ADA’s trade price, he typically avoids promoting hype or trends that could impact Cardano’s token value.
Guys, stay with me on this one.. I think we need to get @IOHK_Charles some more Ketamine and send $ADA to Valhalla 🚀#Cardano #wolfmode pic.twitter.com/Vmsyq7aCYL
— Plutus Staking (@PlutusPool) November 10, 2024
Read also: Bitcoin (BTC) Soars to Record High of $79,800 – Is the Milestone $100K Mark Just Days Away?
