Charles Hoskinson, the founder of Cardano, has confirmed he will join Donald Trump’s administration as a cryptocurrency advisor, marking a major step for the sector’s regulatory future in the US.
Representing his blockchain company Input Output Global (IOG), Hoskinson announced plans to drive a comprehensive crypto policy framework aimed at clearing up regulatory ambiguity that has long plagued the industry.
“This is the best chance we’ve ever had in the history of the industry to get clarity,” Hoskinson said. His vision is to establish a dedicated policy team within IOG, expected to launch in early 2025, that will craft policies for the crypto space, including elements from the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).
These measures, both influential in US crypto discussions, seek a clearer legal classification for digital assets, distinguishing them from traditional securities and commodities.
Working closely with Congress, Hoskinson’s team will pursue bipartisan support to establish regulatory guidelines that work for both investors and crypto innovators.
“The industry doesn’t want favours but clear rules that make innovation possible,” Hoskinson explained, emphasizing the need for regulation that allows crypto projects to develop within defined legal boundaries.
Hoskinson also pointed to the potential shake-up at the US Securities and Exchange Commission (SEC).
Trump has indicated plans to replace SEC Chair Gary Gensler, a figure seen by many in the crypto sector as a barrier to progress. Hoskinson called this “a chance for a clean slate,” with hopes of resetting regulatory relations and securing a balanced approach for crypto.
Beyond Cardano, Hoskinson stressed that regulatory clarity is essential across the crypto landscape, including for Bitcoin, Ethereum, XRP, and Solana.
He argued that the lack of a cohesive policy has hampered growth and stifled innovation, urging that “the crypto policy should be written by the American people and the American crypto industry,” with a view to preserving US leadership in global digital innovation.
While praising Bitcoin’s contributions as the first cryptocurrency, he expressed that projects like Cardano are well-positioned to drive advancements in decentralised finance (DeFi) and smart contracts.
Hoskinson’s plan envisions a US regulatory framework that could add “trillions of dollars of value and millions of jobs” to the American economy.
Following his announcement, Cardano’s ADA token surged 20% to a seven-month high of $0.5216, with investor confidence bolstered by hopes of favourable regulatory changes. Analysts are now speculating that ADA could reach $1 if Hoskinson’s goals come to fruition.
With strong connections to the Trump administration, Hoskinson aims to unify bipartisan interests in establishing a clear regulatory landscape for the entire crypto space, setting the stage for growth not only for Cardano but for the broader blockchain ecosystem.
His strategic position within Trump’s administration and the ADA price jump reflect optimism within the crypto community.
With new political support, Cardano and other major cryptocurrencies may finally gain the regulatory clarity they need to drive innovation and secure their role within the US economy.
