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Charles Hoskinson, the founder of Cardano, has revealed plans to set up a policy office within his company, Input Output, to help shape cryptocurrency policy in the United States. In a video posted on November 9, Hoskinson shared his commitment to working closely with US lawmakers and the administration to create clearer, more favorable regulations for the crypto industry.
“We have to do this, and we have to get it done,” Hoskinson emphasized in the video, expressing urgency and optimism about the industry's future in the US. He stressed that the current political climate presents a unique opportunity for the crypto sector to secure regulatory clarity, particularly with Republicans poised to gain significant control over both the Senate and the House of Representatives, along with the Presidency. Hoskinson believes this shift could pave the way for much-needed policy reforms, especially after Donald Trump’s victory on November 6, where the former president promised to provide clearer guidance for crypto regulation if elected.
Hoskinson's move to engage directly with lawmakers and key industry leaders comes amid growing concerns within the crypto space that the US is falling behind other global markets due to regulatory uncertainty. Ripple CEO Brad Garlinghouse, for example, has repeatedly criticized the US Securities and Exchange Commission (SEC) for its approach to regulating the industry, which he argues has hindered innovation.
Unlike other industry leaders who have warned about the risks of the US losing its competitive edge, Hoskinson believes the process of writing crypto policy should be driven by the “American people” and the country’s crypto community, with the help of “well-meaning lawmakers.” He made it clear that he opposes the influence of large corporations, such as BlackRock, in determining US crypto regulations, stating, “None of us signed up to have companies like BlackRock dictate to the United States what crypto policy should be.”
Hoskinson, who has personal connections with lawmakers and figures within the Trump administration, expressed his hope that his efforts will contribute to a bipartisan bill that clarifies the definitions of securities and commodities in the crypto space. He believes such a bill would allow crypto businesses to “get back to business” by providing clear guidelines and fostering innovation.
While Hoskinson is eager to engage in policy discussions, he acknowledged that much remains uncertain, as the new administration has not yet taken office and only recently appointed a chief of staff. Still, he remains hopeful that the political landscape in 2025 will present a chance to shape the future of crypto in the US and ensure the country remains a leader in blockchain technology.
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