Cardano has seen a notable 35% price surge within 24 hours, driven by founder Charles Hoskinson's new plan to collaborate with U.S. lawmakers under a new development phase.
Hoskinson's Vision for Regulation
Cardano's founder, Charles Hoskinson, announced plans to establish a U.S.-based policy office to shape crypto legislation. Believing that the incoming Trump administration can help achieve a fair regulatory environment, Hoskinson remarked, "This is the best chance we’ve ever had to achieve real clarity."
Building a Foundation for Innovation
The new office, set to launch in early 2025, will work with lawmakers to develop bipartisan legislation. Emphasizing the importance of clear rules, Hoskinson aims to advance bills like the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).
ADA's Price Soars on Optimism
The plans have resulted in a significant increase in Cardano's market value, reaching a multi-month high of $0.58. Market trading volumes have also risen, exceeding $3.3 billion, drawing investor attention and maintaining optimism for ADA's growth.
Hoskinson's strategic move underscores his commitment to creating a sustainable ecosystem for Cardano and the broader crypto industry. With support from the Trump administration, Cardano's growth potential is poised for significant advancement.
