Charles Hoskinson, the founder of Cardano, has confirmed plans to work with the Trump administration to help shape U.S. crypto legislation. His potential role as a crypto advisor is sparking significant interest within the blockchain community.
On November 9, Hoskinson shared his intentions to collaborate with the incoming government to advance clear and fair crypto regulations. During a livestream, he outlined his goal to work with lawmakers on a bipartisan bill that would provide clarity on issues such as defining when cryptocurrencies are considered securities or commodities.
Hoskinson stressed the need for bipartisan support in crafting crypto legislation. He highlighted the recent passage of the FIT21 bill, which secured over 60 votes from Democratic lawmakers in the U.S. House of Representatives, as a promising sign of cooperation across party lines.
“I will work with lawmakers and the administration to get a bipartisan bill passed. That will give us absolute clarity of when things are securities and commodities, help us navigate the often tumultuous and chaotic waters of DeFi, and get us to a point where we can get back to business,” Hoskinson said.
“No one in this industry has asked for a subsidy or a bailout. No one in this industry has asked for special rules or special treatment. All we’ve asked is to be left alone and be able to build our businesses and create trillions of dollars of value and millions of jobs for the American people.”
Hoskinson further elaborated on the importance of regulatory clarity, stating, “I think with a message like that it makes absolutely no sense to those who aren’t corrupt and those who are listening to actually get a law passed. That’s what we’re going to focus on in 2025. We’re going to get our growth and adoption where it needs to be, and we’re going to make sure that we have solid policy so that we can move forward as a nation.”
The founder of Input Output Global (IOG), Hoskinson also emphasized the importance of working with the Trump administration to bring stability to the crypto industry. His company is planning to establish a policy office focused on crypto regulation, further cementing Hoskinson’s commitment to advocating for clear legislation in the sector.
“I have personal friendships with certain lawmakers and certain people who are now members of the Trump administration,” Hoskinson added. “We hopefully will be able to have great dialogues with them in the coming months to put together some of this policy, and I hope to be part of that. But that has yet to be decided based upon the fact they’re not even in office yet. They just picked a Chief of Staff.”
Hoskinson expressed optimism about his early conversations with the transition team, stating, “In my early conversations with many people who want to promote good crypto policy, I have every reason to believe there is a genuine desire to not relitigate and relive the last four disastrous years that have been so painful and harmful to all of us.”
Hoskinson’s comments and the potential for a Trump-backed crypto policy have already had a noticeable impact on Cardano’s market performance. As of the latest data, the price of Cardano’s native token, ADA, has surged by more than 30%, reaching a seven-month high of $0.58.
The crypto industry is closely watching developments surrounding Hoskinson’s potential involvement with the Trump administration, as his leadership could play a pivotal role in shaping the future of U.S. crypto regulation.