Charles Hoskinson, founder of Cardano, is set to engage with U.S. lawmakers in 2025 to advocate for comprehensive crypto policy reform. Known for his critique of current regulatory practices, Hoskinson has announced plans to collaborate with policymakers and industry leaders to promote clearer and more constructive crypto regulations.
His commitment marks a pivotal step for the industry as he intends to dedicate significant time in Washington, D.C., emphasizing his focus on advancing secure, integrity-driven, and scientifically informed blockchain development.
Crypto Industry Anticipates Changes Under the Trump Administration
Donald Trump’s victory in the 2024 U.S. presidential election over Kamala Harris has spurred optimism within the crypto community. A key element of Trump’s campaign was his pledge to reform regulatory bodies perceived as restrictive by many in the crypto space. Among his promises was the replacement of SEC Chairman Gary Gensler, a move that has already influenced market sentiment and contributed to gains in cryptocurrencies like Cardano’s ADA, driven by hopes of a more favorable regulatory landscape.
Community Backing for Hoskinson’s Expanded Role
Support for Hoskinson’s deeper involvement in shaping U.S. crypto policy has been strong within the Cardano community. Rick McCracken, a prominent Cardano supporter, expressed hope on X (formerly Twitter) that the Trump administration would consider Hoskinson for a regulatory advisory position. This endorsement reflects the community’s trust in Hoskinson’s vision for balanced regulations and his dedication to addressing the industry's regulatory challenges.
ADA’s Market Performance Surges Amid Positive Sentiment
News of Hoskinson’s confirmed engagement with U.S. lawmakers and anticipated regulatory changes has positively impacted the market. Cardano’s ADA token recently rose to become the ninth-largest cryptocurrency by market cap, surpassing TRX. The token has gained 34.95% over the past 24 hours and 71.29% over the past 30 days, underscoring the market’s confidence in upcoming policy reforms and Hoskinson’s influential role in shaping the future of crypto regulation.
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