Official announcement from IOHK or Charles Hoskinson

Cardano Founder Charles Hoskinson to Advise Trump Administration on Crypto Policy in 2025, ADA Up 20% to $0.52

Nov 10, 2024, 07:04 AM

Charles Hoskinson, the founder of Cardano and Input Output Hong Kong (IOHK), is reportedly set to work with the Trump Administration on crypto policy in 2025. This development has led to a significant surge in the value of Cardano's ADA token, which has risen by 20% to $0.52, with potential to reach $1. Hoskinson's involvement is seen as a strategic move to influence crypto regulations under the new administration. IOHK is launching a new policy team to ensure fair rules without handouts, emphasizing a bipartisan approach to reshaping the regulatory landscape. There is a "high likelihood" that Hoskinson will take on a new crypto advisory role.