Cardano Founder Reveals New Details About His Potential Role Under Trump
Cardano founder Charles Hoskinson has revealed his potential involvement in shaping US crypto policy during the transition period under President-elect Donald Trump. In a livestream on YouTube, Hoskinson emphasized the clear potential for his involvement in shaping US crypto policy, but urged moderation in expectations.
He clarified that it is misinformation to say that Charles Hoskinson is leading US crypto policy and set realistic boundaries around his prospective role. Hoskinson provided an update on significant initiatives such as the Financial Innovation and Technology for the 21st Century Act (FIT 21) and Financial Innovation (FIA) acts, emphasizing the bipartisan nature of these efforts and their importance in setting a regulatory framework.
He announced the establishment of a dedicated policy office aimed at unifying crypto legislative efforts, addressing critical issues such as asset classification, stablecoins, custody standards, taxation, and the government's ability to purchase and hold Bitcoin reserves. Hoskinson stressed the need for a bipartisan approach to regulation and remained hopeful about achieving substantial legislative progress.
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