$ADA
Cardano (ADA) founder Charles Hoskinson expressed his willingness to cooperate with the U.S. government under Trump's leadership to help formulate cryptocurrency legislation. His goal is to create a clear regulatory framework for the cryptocurrency industry to address the uncertainties and regulatory challenges it has faced for years.
Hoskinson announced these plans in a recent speech and emphasized that developing positive policies regarding cryptocurrency requires support from both Democrats and Republicans. His company, Input Output Global (IOG), plans to establish a separate policy department for cryptocurrency regulation, which will focus on creating a legislative framework that includes provisions from the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA). Hoskinson stated, "I will work with lawmakers and the government to push a bipartisan bill through."
These bills aim to establish a comprehensive regulatory framework for digital assets and encourage responsible financial innovation with a cryptocurrency-friendly attitude. The Responsible Financial Innovation Act (RFIA) particularly emphasizes the flexibility, innovativeness, transparency, and consumer protection of crypto assets and digital assets, proposing the integration of digital assets into existing laws to provide certainty for the growing Web3 industry.
