Charles Hoskinson, the founder of Cardano, is reportedly set to become a crypto advisor under Donald Trump's administration.¹ ² This news comes after Trump's victory in the 2024 US presidential election, which has sparked optimism in the crypto market due to his campaign promises, including ousting Gary Gensler as SEC Chairman.
Hoskinson's potential appointment as a crypto advisor is seen as a positive move, given his contributions to the industry and his experience in shaping crypto policies. He has already expressed his willingness to collaborate with the US government to create clear regulatory frameworks for the digital assets space.
Key Highlights of Hoskinson's Plans:
- Establishing a Policy Office: Hoskinson's company, Input Output Global (IOG), will create a separate policy division for crypto regulations, focusing on developing a legislative framework.
- Bipartisan Collaboration: Hoskinson aims to work with lawmakers and the administration to pass bipartisan bills, promoting moderate regulation.
- Industry Growth: He believes that clear regulations will enable the industry to create trillions of dollars of value and millions of jobs for the American people.
While this news is speculative, it's worth noting that Hoskinson has connections within the political sphere, which could facilitate constructive dialogues on crypto policy. #Ada