Cardano Founder Charles Hoskinson May Engage in U.S. Cryptocurrency Policy Development for the Trump Administration
Charles Hoskinson, founder of Cardano, revealed during a recent YouTube live stream that he could potentially contribute to shaping U.S. cryptocurrency policy under the Trump administration. While expressing optimism about this possibility, he advised caution, noting that many aspects remain uncertain and under discussion.
Hoskinson explained that it is not yet clear whether he will take a leading role in policy development or participate as part of a collaborative committee of industry experts and government officials.
In the live stream, Hoskinson also highlighted current legislative initiatives, including the Financial Innovation and Technology Act (FIT 21) and the Financial Innovation Act (FIA), and stressed the necessity for bipartisan collaboration to create a cohesive regulatory framework.
To address the inconsistent approach of the transition team, Hoskinson announced plans to establish a dedicated policy office aimed at coordinating cryptocurrency legislative efforts.
This office will focus on critical issues such as asset classification, stablecoins, custody standards, taxation, and facilitating the legislative process for smoother policy implementation.
He underscored the importance of bipartisan cooperation in U.S. cryptocurrency regulation, emphasizing that it should transcend partisan divides.
Hoskinson expressed hope for establishing the policy office and making significant legislative advancements within the next two to three months.
Impact on the Future of Cryptocurrency
Hoskinson’s involvement could introduce substantial positive changes to the crypto market. By contributing his industry expertise, he may help craft regulations that promote innovation while ensuring stability and compliance.
The outcome of these efforts remains to be seen, but they could pave the way for a clearer, more unified approach to cryptocurrency legislation.