Charles Hoskinson to Open Crypto Policy Office in D.C., Cardano Price Jumps 35%

Charles Hoskinson to Open Crypto Policy Office in D.C., Cardano Price Jumps 35% Charles Hoskinson plans to open a new office in Washington, D.C., focused on cryptocurrency policy. This move aims to build bipartisan support for beneficial crypto regulations. The news sent Cardano’s price soaring by over 35%, reaching $0.60, its highest since April 2024. As co-founder of IOHK, Hoskinson wants to work directly with lawmakers to advocate for clear and sensible regulations. He stated, “No one in the crypto industry has asked for special rules or treatment,” showing his commitment to fair practices. Hoskinson believes fair regulations could add trillions in value and create millions of jobs. He emphasized, “The crypto policy should be written by the American people, the American crypto industry, and well-meaning lawmakers who are willing to take the time to listen.” He hopes to have his policy office running by January 2025, focusing on initiatives like repealing SAB 121 and pushing forward Senator Cynthia Lummis’ crypto bill. SAB 121, a controversial SEC rule, requires companies holding digital assets for clients to list them as liabilities, which critics say discourages institutional investment. Lummis’ Responsible Financial Innovation Act aims to clarify the legal status of digital assets and create guidelines for their integration into the U.S. financial system. There are also rumors that incoming President Donald Trump might appoint Hoskinson as his crypto policy advisor, though Trump has not confirmed this. For more details, visit this link.