- Cardano’s Charles Hoskinson will engage with U.S. lawmakers in 2025, advocating for crypto policy reform.
- Donald Trump’s 2024 win spurs crypto optimism as he pledges SEC reform, boosting Cardano’s ADA gains.
- Cardano’s ADA surged 34.95% amid hopes for friendlier U.S. crypto regulations with Hoskinson’s deeper involvement.
Charles Hoskinson, the founder of Cardano, has confirmed that he will engage closely with the U.S. government and the upcoming administration on crypto policy in 2025. Hoskinson, who has long criticized current regulatory practices, stated his intention to collaborate with lawmakers and key industry leaders to establish clearer crypto regulations.
His commitment is a new chapter for the industry, as he plans to spend significant time in Washington, D.C., to advance constructive crypto legislation and policy reforms. This move aligns with his longstanding emphasis on security, integrity, and a scientific approach to blockchain development.
Crypto Advocates Eye Changes Under Trump Administration
The 2024 U.S. presidential election, which saw Donald Trump defeat Kamala Harris, has raised optimism in the crypto market. Trump’s campaign pledges included a commitment to overhaul regulatory bodies that many in the crypto industry see as restrictive.
Trump had promised to replace SEC Chairman Gary Gensler. This prospect of regulatory changes has already impacted the crypto market, with key tokens like Cardano’s ADA experiencing significant gains as anticipation builds for a friendlier regulatory environment.
Community Leaders Support Hoskinson’s Potential Expanded Role
Within the Cardano community, there is growing support for Hoskinson’s deeper involvement in shaping U.S. crypto policy. Rick McCracken, a Cardano advocate, had shared on X (formerly Twitter) his hope that the Trump administration might consider Hoskinson for a regulatory role.
This endorsement highlights the community’s confidence in Hoskinson’s vision for regulatory reform and his dedication to addressing long-standing industry concerns. Given Hoskinson’s vocal stance against what he sees as an antagonistic regulatory environment, many believe he could bring valuable insights to Washington.
Cardano’s ADA Token Rallies Amid Growing Optimism
Following the news of Hoskinson’s confirmed role and the potential for regulatory shifts, Cardano’s ADA token saw a notable surge. ADA recently overtook TRX, becoming the ninth-largest cryptocurrency by market cap.
Over the past 24 hours, the token’s value has increased by 34.95%, with a 71.29% gain over the last 30 days. This upward momentum reflects the market’s positive outlook on the anticipated policy changes, as well as confidence in Hoskinson’s influence in regulatory discussions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
