After Donald Trump won the US elections, speculations have been circulating that Cardano founder Charles Hoskinson could be appointed to a key government role that will oversee the crafting of policies on digital currency.
Hoskinson confirmed that he might step in as the presidential advisor on legislation concerning crypto.
Collaboration With The Trump Administration
He confirmed that he is interested in working with the government of the newly elected US president to share his expertise in creating crypto legislation.
The crypto founder said that he will push for clearer regulatory frameworks that are appropriate to the cryptocurrency landscape. A positive outlook on the future of the industry which has been confronted by regulatory challenges and uncertainties in the last couple of years.
Hoskinson emphasized that there is an urgency to develop positive policies involving cryptocurrency, which he noted needs the support of Democrats and Republican lawmakers as major digital monies are facing legal challenges from state authorities.
Why President Trump could pick Charles Hoskinson as a crypto policy advisor:
– Experience & knowledge: He is a co-founder of Ethereum and the founder of Cardano.
– Industry representation: He has already represented the cryptocurrency industry before Congress. His ability to…— Aleksandra Huk (@HukAleksandra) November 9, 2024
ADA market cap currently at $20.3 billion. Chart: TradingView.com
A Policy Division Concerning Crypto
In a statement, Hoskinson unveiled his plan to establish a policy division for crypto regulations with the help of his company, Input Output Global (IOG).
The crypto exec explained that th
Go to Source to See Full Article
Author: Christian Encila
