Cardano Founder Hoskinson to Advise Trump on Crypto Policy Amid ADA Surge

Charles Hoskinson, founder of Cardano, has just announced he’s joining Donald Trump’s administration as a cryptocurrency advisor. Through his company Input Output Global (IOG) he wants to create a policy framework that gives the industry clarity which has been operating in regulatory limbo for so long. He said “this is the best chance we’ve ever had in the history of the industry to get clarity”.

Hoskinson’s plan is to create a dedicated policy team within IOG which will launch in early 2025. This team will work on a policy agenda that incorporates elements of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA) which both call for a clearer legal framework in the US crypto space. His office will be working with key Congressional leaders to get bipartisan legislation that defines cryptocurrencies and separates them from securities and commodities.

New Policy Division for Crypto Regulation

Hoskinson’s new policy office at IOG will be working US legislation and politicians to get moderate regulations. He will be building relationships with lawmakers across the aisle to make sure any regulatory framework works for both crypto innovators and investors.

“The industry doesn’t want favors but clear rules that make innovation possible” Hoskinson said, the industry wants guidelines that allow for lawful product development without regulatory uncertainty. The policy team will be working with leaders to “get a legislative agenda that clarifies securities and commodities definitions in the crypto space”.

Hoskinson also mentioned the potential shake-up at the US Securities and Exchange Commission (SEC). Trump has publicly said he will replace SEC Chair Gary Gensler who many in the crypto space see as an obstacle. The Cardano founder said this could be a chance for a “clean slate” in regulatory relations.

• Policy Division Launch: Early 2025
• Key Focus: Bipartisan crypto legislation
• Regulatory Shift: Potential replacement of SEC Chair Gensler

Hoskinson Wants Transparent Frameworks

Beyond Cardano, Hoskinson said regulatory clarity is needed for the entire crypto space including Bitcoin, Ethereum, XRP and Solana. He said the lack of clear guidelines has slowed growth and stifled innovation. “The crypto policy should be written by the American people and the American crypto industry” Hoskinson said, the current policy is holding back US leadership in global innovation.

He said Bitcoin is the first cryptocurrency but expressed concern it’s development has been slow. “Bitcoin is a great project with a great community” he said but added that Cardano and others can lead in innovation especially in decentralized finance and smart contracts.

Hoskinson’s plan is for a US regulatory landscape where the industry can add “trillions of dollars of value and millions of jobs” to the US economy.

ADA Price Surge Following Hoskinson’s Announcement

After Hoskinson’s announcement ADA pumped 20% to $0.5216 a 7 month high. Investors are hopeful that favorable US regulations will push ADA even higher. Some are now predicting ADA to $1 if these regulations come to fruition.

Hoskinson’s connections to the Trump administration as he mentioned will help achieve these legislative goals. He wants to align the interests of both parties so the industry has a clear regulatory future not just for Cardano but for the entire crypto space.

Hoskinson’s team and the ADA pump shows the crypto community is getting hopeful. With the political winds changing Cardano and it’s friends may get the regulatory changes they need to innovate and grow and for crypto to be part of the US economy.