🌐 Cardano Founder Charles Hoskinson May Participate in Cryptocurrency Policy Making for the Trump Administration
Cardano founder Charles Hoskinson shared during a recent YouTube live stream that he may play a role in shaping U.S. cryptocurrency policy for the Trump administration.
He mentioned that there is a high possibility of his involvement in policy-making, but also cautioned not to set expectations too high, as many aspects are still under discussion.
Hoskinson clarified that it is currently uncertain whether he will directly lead the policy-making or if there will be a committee comprised of industry professionals and government officials collaborating.
During the live stream, he also discussed the latest developments in legislative work, including the Financial Innovation and Technology Act (FIT 21) and the Financial Innovation Act (FIA), emphasizing the importance of bipartisan cooperation in establishing a regulatory framework.
Additionally, to address the fragmented approach of the transition team, Hoskinson announced the establishment of a dedicated policy office to unify cryptocurrency legislative efforts, tackle key issues such as asset classification, stablecoins, custody standards, taxation, and facilitate the smooth passage of legislation.
Hoskinson also emphasized that U.S. cryptocurrency regulation requires bipartisan effort and should not become a partisan issue. He is hopeful about establishing a policy office and making substantial legislative progress within the next 2 to 3 months.
In summary, how will this impact the future of cryptocurrency? And what positive changes might Hoskinson's involvement bring to the crypto market? Let's wait and see!
