Cardano founder Charles Hoskinson has announced plans to collaborate with Donald Trump’s administration to address regulatory issues in the cryptocurrency industry.
Speaking during a live stream on X, Hoskinson shared his intentions to assist lawmakers in crafting clearer crypto policies in 2025. His involvement comes after endorsing Robert F. Kennedy Jr, who recently joined Trump’s administration.
Hoskinson outlines plans for regulatory collaboration
JUST IN: Cardano Founder to work with Trump Administration on crypto policy in 2025 pic.twitter.com/ONvHymIZfQ
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Hoskinson stated that he will dedicate significant time in 2025 to working with lawmakers and industry leaders to establish comprehensive cryptocurrency regulations in the U.S. He emphasized the need for better-defined policies to prevent the U.S. Securities and Exchange Commission (SEC) from targeting crypto projects unfairly. Citing issues with ecosystems such as Cardano, Solana, Ethereum, and Ripple, Hoskinson noted that even Bitcoin’s progress has been impacted despite the recent approval of exchange-traded funds (ETFs).
The Cardano founder criticized the influence of large firms like BlackRock in shaping crypto policy, asserting that American crypto businesses and policymakers should develop the industry’s framework. Hoskinson revealed plans to launch a policy office in January 2025 to address this. The office will work alongside Congress and key industry players to push for moderate and fair crypto regulations.
Legislative efforts and bipartisan cooperation
Hoskinson highlighted the importance of bipartisan efforts to advance crypto legislation. Referring to the recent FIT21 bill, which gained support from over 60 Democrats in the House of Representatives, he pointed to the potential for cross-party collaboration. His team aims to expedite a legislative agenda that clearly defines securities and commodities in the crypto space, helping the industry thrive while ensuring compliance with U.S. laws.
Industry demands and strategic partnerships
According to Hoskinson, the cryptocurrency industry is not seeking special treatment from regulators. Instead, it seeks opportunities to innovate, create jobs, and contribute to the economy without interference. He shared plans to engage political leaders to establish productive crypto policy dialogues, leveraging his connections within government circles.
In the market, Cardano’s native token (ADA) recently surged to $0.58, gaining 34% in the past 24 hours and over 70% in the last week. Bitcoin, meanwhile, hit a new all-time high of $79,238, with steady growth in recent days. Hoskinson’s involvement in shaping regulatory clarity could mark a pivotal moment for the U.S. crypto industry, aligning the sector with balanced legislative frameworks.
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