Charles Hoskinson Confirms New Role in Shaping U.S. Crypto Regulations Under Potential Trump Administration

Charles Hoskinson has confirmed his new advisory role in shaping U.S. crypto regulations under a potential Trump administration.

Cardano founder Charles Hoskinson has announced his role in advising the Trump administration on shaping U.S. crypto regulations. Hoskinson, a renowned figure in the blockchain space, aims to foster bipartisan support for clear and effective crypto legislation. As part of his plans, Input Output Global (IOG) will establish a division dedicated to crypto policy, facilitating communication between the industry and Washington lawmakers.

Hoskinson's goal is to create a regulatory framework that encourages innovation while clearly defining crypto's legal status in the U.S. He emphasizes the need for fair and well-defined rules that will allow companies to develop new crypto products without the threat of legal violations. The policy team will also focus on clarifying the distinction between a security and a commodity in the crypto realm, a crucial step in reducing the SEC's widespread scrutiny.

As the U.S. prepares for the new Trump administration, Hoskinson anticipates a shift in crypto policy. With a Republican-controlled Congress and Trump's promises of crypto-friendly policies, he sees a potential opportunity for regulatory clarity. Trump's campaign includes a "crypto checklist" that highlights his support for the growth of digital assets.

Hoskinson believes that a change in U.S. crypto regulations could position the country as a global leader in the crypto sphere, a role it has been losing to countries like Japan and Switzerland, where clear regulations are already in place. He adds that cooperation between the government and industry leaders could unlock “trillions of dollars of value and millions of jobs” in the U.S. economy.

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