Cardano Founder Hoskinson Reveals Crypto Advisor Role Under Trump Administration

Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), has confirmed his plans to take on an advisory role in shaping cryptocurrency policy under a prospective administration led by former President Donald Trump. 

His intent is to collaborate closely with the U.S. government to craft a clearer legislative framework that could address long-standing regulatory ambiguities within the crypto industry.

Background on Crypto Regulation Challenges

The cryptocurrency landscape in the United States has historically been marked by regulatory uncertainty, leading to friction between crypto innovators and regulatory bodies such as the U.S. Securities and Exchange Commission (SEC). 

The absence of clear, unified guidelines has often resulted in legal battles that stifle growth and innovation. 

Blockchain projects, including major networks like Cardano, Bitcoin, Ethereum, and others, have found themselves navigating a complex web of rules that are inconsistently applied. 

This lack of clarity has hampered progress and left investors and developers alike wary of the regulatory risks.

Hoskinson’s Role and Vision for Legislation

Charles Hoskinson’s engagement with U.S. legislative efforts underscores his commitment to a bipartisan approach. He has stated that Input Output Global (IOG) will create a specialized policy division by early 2025 to focus on developing and promoting balanced crypto legislation. 

This new branch aims to contribute to the creation and advocacy of comprehensive bills like the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).

Hoskinson’s goal is to collaborate with lawmakers across both parties to foster regulations that encourage innovation while protecting investors. He emphasized that the industry seeks clarity, not preferential treatment, asserting, “No one in this industry has asked for a subsidy or a bailout.” This reflects a broader sentiment within the crypto sector, which has called for transparent rules that align with traditional financial regulations without stifling technological progress.

Potential Influence of a Trump Administration

Hoskinson noted that the current political climate presents a unique opportunity for the crypto sector, especially with the possibility of a Republican-controlled government.

 He underscored that bipartisan support is essential for lasting legislative progress, pointing out that the FIT21 Act recently passed the House with over 60 Democratic votes, signaling potential common ground.

 Should Donald Trump win the presidency, Hoskinson’s preexisting connections with members of Trump’s team could expedite policy discussions.

This potential shift in U.S. governance may also coincide with a change in leadership at regulatory bodies. Gary Gensler, the current SEC chair, has been criticized for his stringent stance on crypto regulations. 

Hoskinson’s comments indicated hope that a change in administration could lead to Gensler’s replacement, potentially setting the stage for a more collaborative relationship between the industry and regulators.

The Cardano Founder’s Advocacy Beyond His Own Platform

While Hoskinson is deeply invested in advancing Cardano’s interests, he has made it clear that his advocacy for clear policies extends beyond his own blockchain network. 

He has consistently highlighted the need for well-defined rules for other major cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana. 

Hoskinson argues that uneven oversight by the SEC has discouraged innovation and driven projects to seek friendlier jurisdictions outside the U.S. “The crypto policy should be written by the American people and the American crypto industry,” he said, emphasizing the importance of involving those most familiar with the technology in policy development.

Initiatives by Input Output Global (IOG)

The creation of a dedicated policy office within IOG is a strategic move that positions the company as a proactive leader in shaping legislative outcomes. 

This office will work closely with policymakers and regulatory agencies to ensure that any new laws reflect the needs of both innovators and consumers. 

It is expected to focus on defining which digital assets qualify as securities or commodities—a distinction that has significant implications for the industry.

Hoskinson’s plan involves identifying and liaising with key figures within the legislative and executive branches to advocate for a moderate and innovation-friendly regulatory framework. 

This office will aim to facilitate a legislative environment where new crypto products can be developed without the fear of arbitrary enforcement actions.

A Vision for Economic Growth

A central argument in Hoskinson’s policy approach is the potential economic benefits of supportive legislation. 

He posits that regulatory clarity can unleash significant economic value, predicting that it could generate “trillions of dollars of value and millions of jobs for the American people.”

 This projection highlights the wider economic impact of the blockchain and crypto sectors, beyond just technology enthusiasts or investors. 

By establishing a conducive environment for innovation, the U.S. could maintain its position as a global leader in financial and technological development.

Cardano’s Market Performance

The news of Hoskinson’s engagement with U.S. policy-making has already had a positive impact on Cardano (ADA), which recently surged 20%, reaching a seven-month high of $0.5216. 

This price movement reflects investor optimism that regulatory advancements could mitigate risks and stimulate growth across the crypto market. Should Hoskinson’s vision come to fruition, ADA and similar assets could see further rallies, potentially reaching higher price targets like $1.

Broader Implications for the Crypto Industry

Hoskinson’s efforts underscore the industry’s push for a regulatory reset that can foster sustainable growth.

 A balanced regulatory framework, shaped through collaboration between innovators and lawmakers, could position the U.S. as a leading hub for blockchain technology. 

This development would not only enhance market stability but also provide clear pathways for new entrants and established players to operate without fear of arbitrary crackdowns.

In summary, Charles Hoskinson’s proactive involvement in shaping U.S. crypto policy signifies a pivotal moment for the industry. 

If successful, these legislative efforts could pave the way for clearer regulations that promote growth, innovation, and economic opportunity.