Charles Hoskinson Claims Partnership with Trump: Cardano Price Jumps 35%

Charles Hoskinson Claims Partnership with Trump: Cardano Price Jumps 35%

Charles Hoskinson, the founder of the Cardano blockchain, has made a bold announcement claiming that his company is launching a new division focused on helping shape cryptocurrency legislation in the U.S.

The news has sparked a dramatic 35% increase in the price of Cardano (ADA), with the cryptocurrency reaching $0.58 following the revelation.

Charles Hoskinson Claims Partnership with Trump

According to CoinGap, Hoskinson disclosed that his company, Input Output Global (IOG), is setting up a new department dedicated to the regulation of digital currencies. The new division will focus on developing a legal framework that includes provisions from bills such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).

Hoskinson emphasized the importance of working with the incoming U.S. government to create a clear and supportive regulatory environment for the crypto industry. He pointed out that the current political landscape in the U.S. may offer the best opportunity in history for the cryptocurrency space to achieve the legal clarity it needs.

“The political environment right now could give the crypto industry a chance to reach the legal status it needs. This is our best opportunity to achieve transparency,” Hoskinson stated in his announcement.

He further argued that with the proper regulation, the cryptocurrency industry could generate trillions of dollars in value and create millions of jobs in the U.S. Hoskinson also criticized the lack of clear guidelines for blockchain ecosystems such as Cardano, Ethereum, Ripple, and Solana, attributing their slower growth to this regulatory uncertainty.

In addition to regulatory challenges, Hoskinson took aim at the U.S. Securities and Exchange Commission (SEC), accusing the agency of unfair and inconsistent oversight of the industry.

The Cardano founder also claimed to have personal connections with political figures and expressed hope that these relationships could help influence U.S. cryptocurrency policy moving forward.

Following the release of his statement, and amid Bitcoin hitting new highs above $79,500, Cardano saw a significant price surge of 35%, rising to $0.58. However, it is important to note that no U.S. government officials have officially confirmed Hoskinson’s claims about the partnership or the potential regulatory changes.

Despite the lack of official confirmation, the news has created a stir in the cryptocurrency market, with many seeing Hoskinson’s efforts as a positive step toward clearer regulation and increased legitimacy for the industry.

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