IOG founder Charles Hoskinson announced his plans to help the Trump administration create a more favorable regulatory environment for the digital asset industry.
Hoskinson's Role in Trump's Administration
Charles Hoskinson, founder of IOG, announced he will be part of a team working to formulate crypto regulations in the US. His involvement is likely aimed at creating a more favorable environment for digital assets.
Market Reaction to the Announcement
Following Hoskinson's announcement, ADA's price surged significantly. In the first hours, the price increased by 30% and continued to rise, reaching over $0.63, representing a 44% daily increase. ADA has skyrocketed by over 90% in the past week.
Cardano's Prospects According to Perplexity
We asked the popular chatbot Perplexity about how high ADA can go with Hoskinson's involvement in the future Trump administration. The chatbot suggests that ADA might reach $1 by 2025 and continue rising to $3.4 by 2027, especially if the Cardano ecosystem expands in DeFi and user adoption.
Charles Hoskinson's involvement in shaping crypto regulations in the US has led to a positive market response, but the long-term prospects will hinge on successfully creating and implementing the new regulatory framework.
