- Charles Hoskinson announced collaboration plans with Trump’s administration, focusing on clearer crypto regulations
- ADA surged by 33% in response, showing strong market enthusiasm for regulatory clarity
- Hoskinson aims to work closely with lawmakers to shape crypto-friendly policies starting in 2025
During a live broadcast on X, Charles Hoskinson, founder of ADA, revealed his intention to collaborate with the Trump administration on cryptocurrency regulation.
Cardano Price Surges Following Hoskinson’s Statement
Cardano’s price increased by 33% after Hoskinson’s announcement, leading to a 72% weekly gain for ADA amid the widespread reaction to his comments.
Hoskinson’s goal in partnering with the Trump administration is to bring greater clarity to crypto regulation, which he sees as critical to the industry’s growth.
As co-founder of Ethereum and founder of Cardano, Hoskinson is a well-known figure in crypto. His plans involve working with U.S. legislators to shape policy starting in 2025.
A Bipartisan Approach to Regulatory Reform
Hoskinson’s alliance with the Trump administration, and previous support for Robert F. Kennedy Jr., indicates a bipartisan approach aimed at reforming crypto regulation.
Future Plans for Cardano’s Development
Hoskinson hinted at establishing a dedicated office for Cardano development policies, signaling long-term plans for the cryptocurrency’s growth.
Conclusion
Hoskinson’s statements mark a pivotal point for the crypto sector, as he and the Trump administration seek to foster regulatory clarity and support industry development.
