Hoskinson's D.C. Crypto Office Boosts Cardano by 35%

Charles Hoskinson to Open Crypto Policy Office in D.C., Cardano Price Jumps 35%\n Charles Hoskinson plans to open a new office in Washington, D.C., focused on cryptocurrency policy. This aims to build bipartisan support for beneficial crypto regulations. The announcement sent Cardano's price soaring over 35%, reaching $0.60, its highest since April 2024.\n Hoskinson, co-founder of IOHK, aims to work directly with lawmakers to advocate for clear, sensible regulations. He stated, "No one in the crypto industry has asked for special rules or treatment." He believes fair regulations could add trillions in value and create millions of jobs.\n Hoskinson’s office will focus on initiatives like repealing SAB 121 and supporting Senator Cynthia Lummis’ crypto bill. SAB 121 is an SEC rule that critics say discourages institutional investment. Lummis' Responsible Financial Innovation Act aims to clarify digital assets' legal status and create guidelines for their integration into the U.S. financial system. Hoskinson hopes to have the office running by January 2025. There are also rumors that incoming President Donald Trump might appoint him as his crypto policy advisor, though Trump has not confirmed this.