- Charles Hoskinson plans to open a crypto policy office in Washington so he can work alongside lawmakers.
- Cardano prices surged amid rumors that Donald Trump chose Hoskinson as his crypto advisor.
IOHK co-founder Charles Hoskinson has announced plans to establish a policy office in Washington, DC, aimed at building bipartisan support for crypto-friendly regulations.
The news caused Cardano (ADA) to surge more than 35%, hitting a high of $0.60 – its highest since April 2024.
Hoskinson’s vision involves working closely with lawmakers to advocate for clear, common-sense regulations for the crypto industry.
“No one in the crypto industry has asked for any special rules or treatment,” he said.
Hoskinson added that fair regulation could allow the crypto industry to add billions of dollars in value and create millions of jobs.
“Crypto policy should be written by the American people, the American crypto industry, and well-meaning lawmakers who are willing to take the time to listen,” he said.
Hoskinson aims to have his political office up and running by January 2025 to support initiatives such as repealing SAB 121 and advancing Sen. Cynthia Lummis’ crypto bill.
SAB 121, a controversial SEC rule, requires companies holding digital assets for their clients to list them as liabilities, a move that critics say deters institutional involvement.
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The Lummis Responsible Financial Innovation Act aims to clarify the legal status of digital assets and create guidelines for their integration into the U.S. financial system.
Rumors initially circulated that new President Donald Trump may have tapped Hoskinson as a crypto policy advisor, although Trump has not confirmed this claim.
Kyle Baird is the weekend editor for DL News. Do you have any advice? Email to kbaird@dlnews.com.
