Cardano’s ADA has skyrocketed 35% in 24 hours, extending its weekly gains to over 77% as founder Charles Hoskinson reveals a bold new plan to collaborate with U.S. lawmakers under the incoming Trump administration. As ADA rallies above $0.58 for the first time in months, anticipation builds that favorable policy developments could drive further gains and solidify Cardano’s position in the crypto market.
Hoskinson’s Vision for U.S. Crypto Regulation
Charles Hoskinson, Cardano’s founder and a notable voice in the crypto space, recently announced a new phase in Cardano’s development. Through his company Input Output Global (IOG), Hoskinson plans to set up a U.S.-based policy office focused on crypto legislation. His aim? To craft a regulatory framework that addresses the needs of the American crypto community and supports industry innovation.
In a recent podcast, Hoskinson shared his vision of working with the Trump administration to help establish a fair regulatory landscape for the digital asset industry. He emphasized the importance of bipartisan support and expressed optimism that recent political changes would pave the way for clear guidelines, ultimately empowering the entire crypto ecosystem. “This is the best chance we’ve ever had to achieve real clarity,” Hoskinson remarked.
Building a Foundation for Innovation
The new office, expected to launch in early 2025, will engage with lawmakers across party lines to develop bipartisan crypto legislation. Hoskinson has pledged to work with Congressional leaders to pass bills, such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA), which outline key distinctions between securities and commodities in the crypto industry. He emphasized that the office will advocate for clear rules that promote growth while protecting investors.
Hoskinson also addressed recent changes at the SEC, where many in the industry anticipate a shift in leadership. Trump has previously stated he intends to replace SEC Chair Gary Gensler, whose regulatory approach has drawn criticism from the crypto community. Hoskinson sees this potential change as an opportunity to reset and create an environment that fosters innovation.
ADA Price Soars on Regulatory Optimism
The announcement has had an immediate impact on Cardano’s market value. ADA surged to a multi-month high of $0.58, with trading volumes spiking from $300 million to $3.3 billion over the weekend. The dramatic rise has captured investor attention and boosted optimism for ADA’s future performance. ADA open interest in futures has also surged, with over 858 million ADA locked in futures contracts, signaling increased interest and expectations for price volatility.
Some market analysts suggest that ADA’s upward momentum may continue as long as optimism around regulatory clarity remains high. A clear legal framework could attract more institutional investment and support ADA’s growth as a leading cryptocurrency.
Cardano’s Role in Shaping the Future of Crypto
Hoskinson’s strategic move reflects his commitment to building a sustainable ecosystem, not only for Cardano but for the entire crypto industry. He highlighted the importance of transparency and fair regulation to unlock new value for all market participants, including Bitcoin, Ethereum, XRP, and Solana. “The crypto policy should be written by the American people and the American crypto industry,” he emphasized, signaling his dedication to establishing a supportive and innovation-friendly environment.
Beyond Cardano, Hoskinson’s advocacy for a cohesive regulatory framework aligns with the vision of a thriving U.S. crypto industry. His team will work closely with lawmakers to develop practical guidelines that allow crypto projects to innovate without uncertainty. Hoskinson is optimistic that bipartisan support can foster positive change in Washington, potentially leading to a significant boost for the U.S. digital economy.
The Path Forward for Cardano and the Crypto Market
With Trump’s return to the White House and Hoskinson’s plans to champion crypto-friendly policies, ADA is gaining momentum as a digital asset that could benefit from the political landscape shift. Investors are hopeful that Hoskinson’s policy-driven approach will enable Cardano to unlock new growth potential and contribute to creating a regulatory foundation that supports innovation, ultimately propelling ADA closer to the $1 mark.
As ADA continues to climb, Cardano’s new policy initiatives may pave the way for more stability in the crypto space, ensuring that innovation and compliance can go hand in hand for the long-term growth of the industry.
Disclaimer: This article is intended for informational purposes only and should not be construed as legal, tax, investment, financial, or any other form of advice.