Charles Hoskinson Thinks Trump's Administration Would Provide the Best Opportunity for the Crypto Industry to Achieve Regulatory Clarity

Cardano founder Charles Hoskinson highlighted the likelihood of the Republicans controlling both the Senate and the House

Cardano founder thinks the Trump administration would provide the best opportunity for the crypto industry to achieve regulatory clarity. Hoskinson highlighted the likelihood of the Republicans controlling both the Senate and the House, noting that he would spend a lot of time in 2025 working with the government on cryptocurrency matters.

According to Hoskinson, the Trump administration’s approach to the crypto industry will allow community members to remove the “Damocles” that the SEC has hung over several crypto ecosystems, including Cardano, Ripple, Ethereum, and many others.

Despite the SEC’s approval of several Bitcoin ETF products earlier this year, Hoskinson criticized the commission for allowing companies like BlackRock, one of the spot Bitcoin ETF providers, to have significant control of that sector of the crypto industry. The Cardano founder considers that a setback for Bitcoin and one of the SEC’s attempts to hurt the crypto industry.

Meanwhile, Hoskinson stated that the American people should write the crypto policy. According to the blockchain expert, the government can achieve this by engaging crypto industry participants and U.S. lawmakers listening to those participants.