Cardano Founder Confirms Talks With US Lawmakers: Here’s His Plan

Cardano founder Charles Hoskinson has revealed that efforts to establish a comprehensive regulatory framework for cryptocurrencies in the United States are gaining significant momentum. In a “Surprise AMA” session on November 17, Hoskinson detailed his recent engagements with US senators and key figures in the crypto industry, outlining a multifaceted strategy to position the US as a global leader in the crypto space.

Cardano Founder Reveals His Plan

Hoskinson stated that he has been “talking with a lot of different senators and definitely engaging with the right people,” indicating that the next “60 to 90 days” will be crucial in seeing how these efforts come together. He mentioned the possibility of traveling to Washington, D.C., in the coming week, depending on scheduling and the availability of other stakeholders. “I already have some embedded people that have been in pretty deep conversations,” he added, emphasizing the depth of his team’s involvement in ongoing discussions.

He outlined a comprehensive plan involving three key avenues: administrative changes and rulemaking, executive orders, and lawmaking. “What can be done through administrative changes and rulemaking,” he said, noting these are the “easiest but very ephemeral.” Recognizing the temporary nature of executive orders, he stated that they “live and die by the administration.”

Lawmaking, described as “the hardest but most permanent,” is essential for creating lasting impact. “The hope is to figure out a consolidated package of the three to make America the best place in the world for crypto companies,” he explained. “So we can get them all to come here in the United States, and we can create a multi-trillion-dollar cryptocurrency industry onshore.”

The Cardano founder highlighted several critical areas that need addressing, including taxation, custody standards, consumer protection, and asset classification. He stressed the necessity of a “Bill of Rights for crypto,” advocating for the support and defense of non-custodial wallets. “Making sure that we can use crypto the way we want to use crypto,” he said, is essential for th

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Author: Jake Simmons

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