Official announcements from U.S. regulatory bodies like the SEC or CFTC

Cardano's ADA Surges 33% to $0.52 as Hoskinson Joins Trump's Crypto Advisory Team

Nov 10, 2024, 02:36 PM

Cardano's ADA token surged over 33% in the past 24 hours to surpass $0.52, outperforming Bitcoin and other major cryptocurrencies, as founder Charles Hoskinson (@IOHK_Charles) revealed plans to help shape U.S. crypto policy under President-elect Donald Trump's administration. Hoskinson is expected to take on a crypto advisory role, aiming to reshape the regulatory landscape. Market analysts are eyeing a potential rise of ADA to $1. This development is seen as a positive move towards favorable regulatory policies for the cryptocurrency industry.