As a seasoned researcher with a knack for deciphering the intricacies of blockchain technology and its regulatory landscape, I find Charles Hoskinson’s latest move to be an astute one. His decision to establish a policy office within Input Output is a strategic response to the tumultuous journey the crypto industry has faced in recent years, particularly in the United States.
Charles Hoskinson, the founder of Cardano, has disclosed plans to establish a policy division within his organization, Input Output, aimed at fostering the advancement of cryptocurrency policies in the U.S.
In a recent video post on X, Hoskinson clarified that he will be dedicating significant time to collaborate with lawmakers in Washington D.C., as well as members of the administration. His goal is to collaborate with other crucial industry leaders and shape crypto policy alongside them.
‘The best opportunity’ is now, says Hoskinson
“We have to do this, and we have to get it done,” Hoskinson declared.
As a crypto investor, I find myself reflecting on Charles Hoskinson’s recent statement, which suggests a strong likelihood. He implies that the Republicans may not just claim control over the White House and the Senate, but also secure a majority in the House of Representatives as well.
He thinks this situation offers an excellent chance for the cryptocurrency sector to achieve greater understanding and transparency. This is reminiscent of Trump’s victory on November 6, during which he pledged to establish a more defined route for the crypto industry if he were to be elected.
Following some challenging times in the cryptocurrency sector over the past few years, Cardano‘s founder, Hoskinson, has made an announcement. This period saw numerous crypto leaders asserting that the United States is lagging behind other parts of the globe in this field.
Ripple‘s CEO, Brad Garlinghouse, has frequently spoken out against various issues over the years while Ripple is embroiled in an ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC).
Crypto Policy should be written by the ‘American people’
In March 2023, Garlinghouse expressed concerns that the Securities and Exchange Commission’s (SEC) regulatory strategy might lead to the United States being significantly left behind in terms of blockchain and cryptocurrency innovation.
In his view, Hoskinson thinks that crypto policies should be crafted by “the people of America, the American cryptocurrency sector, and sympathetic legislators.
Hoskinson stated that none of us agreed to let firms such as BlackRock determine the U.S.’s cryptocurrency regulations.
Cardano’s founder, Hoskinson, disclosed that he has established “close personal relationships” with political figures within the Trump administration and Congress. He expressed his aspiration to contribute to the policy-making process once President Trump resumes office in 2025.
As an analyst, I haven’t reached a conclusion on the matter since the individuals in question have not taken office yet, and they’ve merely appointed their chief of staff recently.
He hopes the work will lead to a bipartisan bill that will give “absolute clarity” on what is and isn’t a security and commodity and allow crypto participants to “get back to business.”
Read More
- ZK PREDICTION. ZK cryptocurrency
- SHIB PREDICTION. SHIB cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- CYBER PREDICTION. CYBER cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- AVAX PREDICTION. AVAX cryptocurrency
- COMP PREDICTION. COMP cryptocurrency
2024-11-10 11:18