Cardano founder Charles Hoskinson has updated the crypto community on his quest to create a comprehensive crypto regulatory framework.
Hoskinson said discussions to create a working regulatory framework for cryptocurrencies in the United States have gained momentum. In an “AMA Surprise” on November 17, he revealed his latest contacts with the government and notable crypto industry leaders, outlining what the sector ultimately aims to achieve.
Hoskinson reveals contacts with lawmakers and crypto executives
In the podcastHoskinson revealed his active engagement with US lawmakers to discuss crypto regulation. He said he had meetings with senators and policymakers, emphasizing the need to create working guidelines for the industry.
The founder also indicated that he will see how things play out in the next 60 to 90 days, but remains optimistic about positive results. In particular, the delay is correlated with Donald Trump’s inauguration period, confirming his earlier claims that things would get more intense when the pro-crypto president-elect takes power.
Hoskinson also revealed alliances with key industry leaders, who he said were “great partners” in his move to regulate crypto. The founder revealed conversation with Ripple CEO Brad Garlinghouse and his attempts to contact Hedera co-founder Leemon Baird to help promote the Clarity Charge.
Cardano founder’s regulatory strategy
Meanwhile, Hoskinson noted that the team is evaluating its regulatory options on all fronts. He said they plan to push the political charge through administrative changes, executive orders and laws.
He also insisted that they want to create a crypto regulation policy that surpasses that of other countries. Cardano founder indicated he would study digital asset models from Switzerland, Singaporeand the United Arab Emirates, and create policies that would make America the “world leader in cryptocurrency.”
Additionally, Hoskinson argued that U.S. crypto policy would address pressing issues related to asset classification. The United States Securities and Exchange Commission (SEC) has had a series of fallouts with crypto companies, brandishing assets like XRP, Solana and Cardano as titles.
As a result, Hoskinson noted that specific bills and regulatory guidelines clarifying these misconceptions would be implemented. Therefore, the issue of regulatory overreach and regulation through enforcement would be a thing of the past.
Hoskinson also mentioned that crypto policy would cover custody standards, tax clarity, and consumer protection, ultimately attracting global digital asset companies to the United States. He claimed that regulatory clarity would create a multi-billion dollar crypto industry on American soil and allow enthusiasts to use digital assets “the way we want.”
Cardano founder demystifies the appearance of JRE
Meanwhile, the Cardano founder has denied speculation that he will appear on the Joe Rogan Experience podcast. In a tweethe noted that he did not have an appointment to appear on the show.
Hoskinson encouraged users to refrain from spreading rumors, emphasizing that he would be the first to disclose the events as such if they were true. Notably, speculation has been circulating over the past week, with notable platforms carrying the rumor.
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