- In 2025, Charles Hoskinson will collaborate with US senators to draft crypto legislation, aiming for unambiguous, bipartisan rules.
- Cardano’s IOG will create a new policy office to push for fair crypto laws, boosting industry growth without subsidies.
- Hoskinson’s leadership could secure his role as a crypto advisor, with ADA tokens seeing a rise in support of his efforts.
The founder of Cardano’s Input Output Global, Charles Hoskinson, declared his intention to collaborate with the U.S. government and the next presidential administration on developing crypto laws in 2025. In a tweet shared by TheADAApe, Hoskinson revealed that he will spend part of next year in Washington, D.C., meeting with politicians.
His goal is to encourage bipartisan support for new crypto laws and contribute to building a regulatory framework using the Responsible Financial Innovation Act (RFIA) and the Financial Innovation and Technology for the 21st Century Act (FIT21).
New Crypto Policy Division
IOG will establish a new policy division dedicated to navigating crypto regulations. Promoting moderate regulation that meets the demands of the industry will be the team’s main goal. Hoskinson highlighted the need for clarity in the cryptocurrency industry, pointing out that new legislation has received backing from both parties.
For instance, more than 60 Democrats supported the FIT21 bill in the House. He sees development in bipartisan support for crypto legislation, particularly as Republicans gain more clout in the coming years. This is the “best opportunity” for the crypto business to get the legal clarification it needs, according to Hoskinson.
A Strategic Political Move
IOG plans to hire experts to fill positions in its new policy office by early 2025. This office will focus on working with both lawmakers and key industry leaders to push forward crypto legislation. Hoskinson’s goal is not to seek subsidies or bailouts for the industry but to create fair rules that allow for innovation.
He believes that clear regulations will enable companies to build new products without the fear of legal repercussions. He also mentioned that these efforts could result in the creation of “trillions of dollars of value and millions of jobs.”
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Support for Hoskinson’s Leadership Role
As the crypto regulatory changes, some industry insiders believe that Hoskinson could be appointed as the crypto advisor in the next administration. McCracken hinted at this possibility in a November 8 post.
Notably, IOG President Tamara Hassen also endorsed Hoskinson for the role, calling it a “wise decision.” This potential appointment has stirred support from various figures in the crypto community, further solidifying Hoskinson’s reputation as a leading figure in the industry.
In response to these political developments, Cardano’s ADA token has experienced a significant increase. It reached a monthly high of $0.45, trading at $0.4326. Over the past week, ADA has surged by 22%, signaling positive market sentiment toward the ongoing regulatory efforts.
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