On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest points since April after its founder said he would play a role in shaping crypto policy in the U.S. next year.

On Sunday, Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, lept to its highest point since April after its founder said he would play a role in shaping crypto policy in the U.S. next year.

ADA rose by as much as 33% on the day to $0.64 before paring back gains to stand at 0.58 by press time, CoinGecko data shows.

ADA rose as much as 33% on the day to $0.64 before paring back gain to stand at $0.58 by press time, CoinGecko data shows.

It follows Cardano founder Charles Hoskinson’s declaration he would aim to position himself as a prominent voice in President-elect Donald Trump’s ear when he takes power on January 20.

“A large part of my time in 2025 will also be devoted to the political process,” Hoskinson said Saturday in a video statement posted by Cardano-based wallet, NFT, and token tracking platform TapTools.

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Author: Sebastian Sinclair