- Charles Hoskinson thinks Trump’s administration is an opportunity to achieve regulatory clarity for crypto.
- Republicans would likely control the Senate and the House.
- Hoskinson is setting up a special office to work towards crypto regulation.
Cardano founder Charles Hoskinson thinks Donald Trump’s administration would provide the best opportunity for the crypto industry to achieve regulatory clarity. Hoskinson highlighted the likelihood of the Republicans controlling both the Senate and the House, noting that he would spend a lot of time in 2025 working with the government on cryptocurrency matters.
According to Hoskinson, the Trump administration’s approach to the crypto industry will allow community members to remove the “Damocles” that the SEC has hung over several crypto ecosystems, including Cardano, Ripple, Ethereum, and many others.
Read also: Trump’s Crypto Team: Cardano’s Charles Hoskinson in the Spotlight
Despite the SEC’s approval of several Bitcoin ETF products early this year, Hoskinson criticized the commission for allowing companies like BlackRock, one of the spot Bitcoin ETF providers, to have significant control of that sector of the crypto industry. The Cardano founder considers that a setback for Bitcoin and one of the SEC’s attempts to hurt the crypto industry.
Meanwhile, Hoskinson stated that the American people should write the crypto policy. According to the blockchain expert, the government can achieve this by engaging crypto industry participants and U.S. lawmakers listening to those participants.
Hoskinson’s methodology for achieving this goal involves establishing a well-staffed InputOutput office, with personnel working with notable leaders, and hybridizing most existing proposals with the legislators. The Cardano founder believes the effort they would put into the process will enable them to bypass and have the legislators pass the crypto bill.
Read also: Charles Hoskinson: Cardano’s Tech Makes it the Top Blockchain
In the meantime, Hoskinson noted that crypto community members are not asking for unwarranted favors or seeking special treatment. He clarified that the crypto industry desires to be left alone and allowed to build businesses and create trillions of dollars of value and millions of jobs for the American people.
Focusing on 2025, The Cardano chief noted that the crypto industry’s target would be to achieve regulatory clarity. That would enable the crypto industry to boost its growth and adoption with solid policies that would move the nation forward.
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