💥 Cardano Hits 7-Month High as Founder Eyes Hopeful Role in Shaping Trump Crypto Policy

On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest points since April after its founder said he would play a role in shaping crypto policy in the U.S. next year.

It follows Cardano founder Charles Hoskinson’s declaration he would aim to position himself as a prominent voice in President-elect Donald Trump’s ear when he takes power on January 20.

“A large part of my time in 2025 will also be devoted to the political process,” Hoskinson said Saturday in a video statement posted by Cardano-based wallet, NFT, and token tracking platform TapTools.

He continued: “I’m going to be spending quite a bit of time working with lawmakers in Washington, D.C., and quite a bit of time working with members of the [Trump] administration to help foster and facilitate, with other key leaders in [the] industry, crypto policy.”

To be clear, Hoskinson has not been tapped by Trump's inner circle to head up a position on crypto. However, the former president has promised to listen to those from within the industry to shape future regulations affecting it.

As a prominent figure in the crypto and blockchain space, Hoskinson is known primarily as a co-founder of Ethereum and the founder of Cardano, a blockchain platform developed by his company, Input Output Global (IOG), formerly known as IOHK.

He once played a role in Ethereum’s early development alongside co-founder Vitalik Buterin but left due to differing visions for the project. Hoskinson advocated for a more corporate approach with venture capital funding, while the Ethereum team wanted to push for a non-profit, decentralized model.

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