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., focusing on cryptocurrency policy. This move aims to build bipartisan support for beneficial crypto regulations. News of this initiative caused Cardano’s price to soar over 35%, reaching $0.60, its highest since April 2024. Hoskinson, co-founder of IOHK, intends to work directly with lawmakers to advocate for clear regulations. “No one in the crypto industry has asked for special rules or treatment,” said Hoskinson. He 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.” His office aims to start by January 2025, focusing on repealing SAB 121 and promoting Senator Cynthia Lummis’ crypto bill. SAB 121, an SEC rule, requires companies to list digital assets as liabilities, which critics argue deters institutional investment. Lummis’ Responsible Financial Innovation Act seeks to clarify the legal status of digital assets and guide their integration into the U.S. financial system. Rumors suggest incoming President Donald Trump might appoint Hoskinson as his crypto policy advisor, though Trump has not confirmed this. For more details, visit the full article.