Cardano’s founder has disclosed that he takes on the role of a crypto advisor under the Trump administration
Charles Hoskinson, the founder of Cardano, plans to collaborate with the United States government to create crypto legislation that will enable the industry to adhere to more transparent regulations.
The Cardano Founder has declared his intention to collaborate with the U.S. government under Donald Trump to support the development of crypto legislation.
The goal is to create clear regulatory frameworks for the cryptocurrency industry, which has faced numerous regulatory challenges in recent years.
Charles Hoskinson disclosed these plans in his most recent remarks and argued that the support of both Democrats and Republicans is necessary for the establishment of constructive policies regarding cryptocurrency.
Cardano, as well as other significant blockchain networks like Bitcoin, are currently facing legal challenges from U.S. agencies. This development is taking place at the same moment.
The founder of Cardano has disclosed that his organization, Input Output Global (IOG), will establish an autonomous policy division responsible for cryptocurrency regulations.
The office will focus on the development of a legislative framework that incorporates the provisions of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).
The Cardano founder underscored the importance of inter-party collaboration, noting that the recent FIT21 measure was passed in the House with the support of over 60 Democrats, indicating a growing consensus in favor of bipartisan crypto legislation.
Charles Hoskinson also acknowledged the potential consequences of a Republican-controlled Senate, House, and presidency in the years to come. He asserted that the industry may, in fact, have the opportunity to obtain the legal status it so urgently needs in the current political climate. He observed,
Charles Hoskinson declared in his strategy that IOG will recruit personnel for its new policy office by the commencement of 2025. Furthermore, this office will be accountable for the promotion of moderate regulation and the interaction with industry management and the legislative branch.
Hoskinson announced that his team will initiate communication with “critical leaders in specific roles” in order to “promote a legislative agenda that defines securities and commodities concerning the crypto space.”
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