ADA Surges 72% As Cardano Founder Charles Hoskinson Eyes Key Role Shaping Trump Crypto Policy

ADA
has

skyrocketed over
72%
in
a
week
after
Cardano
founder
Charles
Hoskinson
revealed
plans
to
help
shape
US
crypto
policy
under
the
incoming
Trump
administration.

The
spike
in
the
ADA
price
came
after
Hoskinson
said
in
a
Nov.
8
podcast
appearance
that
will
be
spending
”quite
a
bit
of
time
with
members
of
the
administration”
to
help
craft
crypto
policy.

ADA
pushed
its
monthly
performance
out
of
the
red
with
the
recent
rally
to


trade

at
$0.592
as
of
5.55
a.m.
EST
after
climbing
2.1%
in
the
past
24
hours.

Charles
Hoskinson
Aims
To
Engage
With
Trump
Administration
Officials
To
Influence
US
Crypto
Policy

Hoskinson
said
that
he’ll
be
in
Washington
often
to
work
with
key
leaders
in
the
industry
on
crypto
policy. 

While
there
has
been
no
confirmation
from
the
Trump
administration
that
it
intends
to
engage
with
Hoskinson,
he
said
he
is
confident
that
the
new
administration
will
be
open
to
collaborating
with
him.

Until
then,
he
said
he
is
setting
up
a
dedicated
office
within
Cardano
to
hopefully
“be
a
part
of”
actual
policy
shaping
when
Trump
takes
office.

I’m
Back

https://t.co/55sN3N7Xq8

—
Charles
Hoskinson
(@IOHK_Charles)

November
9,
2024

Trump
Presidency
Could
Lead
To
“Greater
Flexibility
To
Experiment”
With
Crypto

Venture
capital
firm
Andreessen
Horowitz
(a16z)
believes
there
will
be
“greater
flexibility
to
experiment”
with
crypto
under
the
Trump
administration.

“We’re
very
optimistic
that
the
government
will
now
foster
innovation,
accelerate
progress,
and
enable
the
crypto
ecosystem
to
thrive
in
the
US,”
said
a16z
Crypto
legal
and
policy
experts
in
an
Oct.
10


blog

post.  

The
prediction
by
a16z
follows
several
bullish
promises
made
by


Trump,
who
positioned
himself
as
pro-crypto
ahead
of
the
US
presidential
election.

Now
that
he
is
headed
for
a
second
term
in
the
White
House,
the
crypto
industry
is
optimistic
that
the
regulatory
environment
will
improve,
helping
to
boost
market
sentiment
and
trigger
a
new
bull
run.

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