$ADA
Cardano founder Charles Hoskinson has confirmed plans to collaborate with the Trump-led U.S. government to help develop cryptocurrency legislation.
Hoskinson's goal is to create a clear regulatory framework for the cryptocurrency industry, which has faced uncertainty and regulatory challenges for years.
He emphasized that establishing positive policies regarding cryptocurrencies requires support from both Democrats and Republicans. Hoskinson stated that his company Input Output Global (IOG) will create a separate policy department to handle cryptocurrency regulations. Hoskinson underscored the importance of bipartisan cooperation and noted that the recent FIT21 bill received votes from over 60 Democrats in the House, indicating that support for bipartisan cryptocurrency legislation is growing.
Hoskinson also acknowledged the potential impact of Republican control of the Senate, the House, and the presidency on the industry in the coming years, believing that the current political climate may indeed provide an opportunity for the industry to gain legal status. IOG will begin hiring for the new policy office in early 2025. This office will also interact with legislative bodies and industry regulatory departments, advocating for moderate regulation.
Hoskinson believes that through these efforts, they will be able to "create trillions of dollars in value and millions of jobs for the American people."