Cardano Founder Hoskinson to Establish Crypto Policy Office in the U.S.

Charles Hoskinson, the visionary founder of Cardano, has announced a notable move to influence cryptocurrency policy in the United States.

In a recent video posted on X, Hoskinson revealed that his company, Input Output Global (IOG), will be setting up a dedicated policy office to support the development of clear and effective crypto regulations.

“We Have to Get It Done”

Hoskinson emphasized the urgency of this initiative, stating, “We have to do this, and we have to get it done.” He plans to spend considerable time working with lawmakers in Washington, D.C., to foster and facilitate crypto policies.

“I’m going to be spending quite a bit of time working with lawmakers in Washington DC and quite a bit of time with members of the administration to help foster and facilitate with other key leaders in the industry the crypto policy,” he explained.

Cardano founder, Charles Hoskinson will be working with Donald Trump on crypto policy.

Are you beginning to understand? pic.twitter.com/RosDqO6euZ

— Gordon (@AltcoinGordon) November 10, 2024

A Strategic Opportunity

The timing of this initiative is crucial, according to Hoskinson. He believes that the recent political shifts in the U.S. present a unique opportunity for the crypto industry to gain much-needed regulatory clarity.

“There is a very high probability that the Republicans will not only control the Senate and the Presidency but also the Congress, the House,” he noted. This political landscape, he argues, makes it “the best opportunity” for the crypto industry to advance.

Charles Hoskinson just confirmed that he will be advising on crypto policy in Washington. Now cope harder, haters.

— Aleksandra Huk (@HukAleksandra) November 9, 2024

Crypto Policy for the People

Hoskinson is a strong advocate for policies that are shaped by the American people and the crypto industry itself.

“Crypto policy should be written by the American people, the American crypto industry, and by well-meaning lawmakers,” he asserted. He criticized the influence of large corporations, saying, “None of us signed up to have companies like BlackRock dictate to the United States what crypto policy should be”.

Looking Ahead

The new policy office at IOG is expected to launch in early 2025. Hoskinson hopes that this initiative will lead to bipartisan legislation that provides “absolute clarity” on what constitutes a security and a commodity in the crypto space. This clarity, he believes, will allow crypto participants to “get back to business” without the current regulatory uncertainties.

Hoskinson’s announcement comes at a time when the U.S. crypto industry is facing considerable challenges and uncertainties.

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