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According to recent reports from COINOTAG on November 10th, Charles Hoskinson, the founder of Cardano (ADA), has expressed a readiness to partner with the U.S. government, specifically under the prospective administration of Donald Trump, to aid in the establishment of cryptocurrency legislation. This initiative aims to devise a comprehensive regulatory framework that could significantly bolster the cryptocurrency industry. In a statement delivered during a recent address, Hoskinson emphasized the necessity of bipartisan support from both major political parties to cultivate favorable policies centered around cryptocurrency.
To facilitate this endeavor, his organization, Input Output Global (IOG), is set to launch a dedicated policy division focusing on cryptocurrency regulation. The new office will prioritize the creation of a legislative framework that integrates elements from existing proposals such as the 21st Century Financial Innovation and Technology Act (FIT21) and the Responsible Financial Innovation Act (RFIA). Hoskinson further remarked, “I will collaborate with legislators and the government to advance a bipartisan bill for approval,” highlighting the importance of collective efforts in shaping secure and effective cryptocurrency policies.
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