Charles Hoskinson Proposes Appointing a Neutral Crypto-Czar in the White House, Eyes Role in Shaping Regulations Under Trump Administration

Cardano founder Charles Hoskinson has called for the appointment of a neutral Crypto-Czar at the White House. As per Hoskinson, the person should have a deep understanding of the crypto industry, and its unique challenges, and address the government's past missteps.

Cardano founder recently called for the appointment of a neutral Crypto-Czar at the White House. The person should have a deep understanding of the crypto industry and its unique challenges, and address the government’s past missteps.

For his part, the Cardano founder is focusing a ton of his efforts on the House and Senate to help facilitate the legislative effort that will forever remove the abuses of the current federal government and open the floodgates for the legacy world to enter crypto.

Cardano founder also plans to join the new Trump administration within three months. Though he has not received any formal offers for roles on the U.S. crypto committee, Hoskinson highlighted his commitment to influencing policy through relationships he built over the past three years.

Cardano’s native token is experiencing a significant uptrend. Especially the ADA/BTC pair is nearing its 8-month high, indicating strong relative performance against Bitcoin. Along with that, whale transactions have also surged to a 6-month high, suggesting increased institutional interest.

Additionally, weekly transaction volume has reached a 7-month peak, signaling growing user activity on the Cardano network. This bullish sentiment coupled with, Hoskinson’s D.C. ambitions could further solidify Cardano’s position in the crypto industry and potentially lead to strategic partnerships.