Key Takeaways:
- Cardano’s Policy Push: Charles Hoskinson, founder of Cardano, is establishing a policy office in Washington, D.C., to work with lawmakers on U.S. crypto regulations.
- Strategic Timing for Policy Influence: Hoskinson views the current political landscape, with potential Republican dominance, as an optimal moment for crypto policy clarity.
- Call for U.S.-Centered Crypto Policy: Hoskinson advocates for a crypto policy driven by American interests, cautioning against excessive corporate influence from entities like BlackRock.
Cardano founder Charles Hoskinson has announced plans to establish a policy office within his blockchain company, Input Output, to actively influence U.S. cryptocurrency policy.
Aiming to work closely with lawmakers in Washington, D.C., Hoskinson sees this as a pivotal moment for achieving regulatory clarity, especially with the potential for Republican control over key branches of government.
I'm Back https://t.co/55sN3N7Xq8
— Charles Hoskinson (@IOHK_Charles) November 9, 2024
He stressed the urgency of this initiative, emphasizing that the U.S. must keep pace in the global crypto industry and that policy should reflect American interests rather than those of corporate giants like BlackRock.
Hoskinson’s plan aligns with concerns from other crypto leaders, such as Ripple CEO Brad Garlinghouse, who argue that current U.S. regulatory actions could hinder the country’s competitiveness in the blockchain sector.
Hoskinson is optimistic that his connections with lawmakers and members of the incoming Trump administration will foster bipartisan legislation.
JUST IN: Charles Hoskinson just announced he’ll be collaborating with the U.S. government to provide guidance on crypto policies. pic.twitter.com/fkP4X2IctL
— TapTools (@TapTools) November 9, 2024
He hopes such collaboration will lead to clear definitions around crypto assets, specifically on securities and commodities classifications, to help the industry flourish.
This move underscores Hoskinson’s belief that crypto policy should represent the voices of the American people and industry leaders rather than a select few powerful corporations.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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