To help Donald Trump design a regulatory framework suitable for the development of blockchain and cryptocurrencies on American soil, the future president of the United States decided to trust Charles Hoskinson, the founder of the Cardano blockchain and co-founder of Ethereum .
Charles Hoskinson ready to help Donald Trump establish crypto regulations
Charles Hoskinson, the founder of Cardano, recently announced his intention to support the Administration of the next President of the United StatesDonald Trump, in his will to build a clear legislative framework on blockchain and cryptocurrencies.
The one who also co-founded the Ethereum blockchain, said that his company, Input Output Global (IOG) would soon open a division who would work in concert with Donald Trump's teams to develop this future regulation.
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For Charles Hoskinson, it is important that elected officials from the Democratic Party and the Republican Party cooperate to find common ground. In recent years, the United States Congress failed to agree on the development of a bill in favor of cryptocurrencies.
However, the situation could well change. The results of the recent senatorial elections were to the advantage of the Republican Party which now finds itself in the majority in the Senate. The suspense is still total for what is elections to the House of Representativeseven if the Republican Party is only 4 seats short of obtaining a majority compared to 15 seats for the Democratic Party.
According to the founder of Cardano, A Republican-leaning Congress would be good news for the crypto ecosystem. “ This is the best opportunity we've ever had in the history of the industry for clarification […] and define the legislative framework that the crypto industry so desperately needs, » he said.
Also, the co-founder of Ethereum did not fail to criticize the Securities and Exchange Commission (SEC) who would have exercised “ uneven surveillance » of the crypto ecosystem according to him. Finally, he thinks current U.S. policy makes it difficult to innovate.
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Charles Hoskinson assured that he had already established its strategy for designing regulations which would satisfy legislators and crypto industry players. His company, IOG, will recruit new employees for its new division early next year, coinciding with the inauguration of Donald Trump.
The head of Input Output Global explained that his teams will start to approach the “ key leaders in certain positions » in order to ” advancing the legislative agenda that defines securities and commodities regarding the crypto space “.
This branch will then focus on the creation of a legislative framework which would integrate the provisions of already existing texts such as the Financial Innovation and Technology for the 21st Century Act and the Financial and Responsible Innovation Act. “ I will work with legislators and the administration to pass a bipartisan bill, »said the founder of Cardano.
According to him, through his advice and efforts, he believes that the Donald Trump Administration will be able to of ” creating trillions of dollars of value and millions of jobs for the American people ».
👉 Also read – Donald Trump: What can we expect for the crypto ecosystem?
Last month, Charles Hoskinson said that the blockchain he designed, Cardano, would soon overtake Ethereum and Bitcoin which remain the 2 main most used networks in the crypto ecosystem. He went even further, asserting that “ governments would use its network ».
Cardano founder Charles Hoskinson believes Cardano will overtake Ethereum and Bitcoin.
But also that governments will use its network. pic.twitter.com/iAutj3CBdv— Cryptoast (@CryptoastMedia) October 20, 2024
By confirming his role as crypto advisor to Donald Trumpthe announcements made by Charles Hoskinson a few weeks ago, which did not fail to arouse a certain skepticism among the crypto communitynow have meaning.
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Source: Charles Hoskinson on X
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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