Charles Hoskinson Eyes Role In Shaping Crypto Regulation: Details

Input Output Global (IOG) Founder and CEO Charles Hoskinson is pushing to get a place amongst leaders that will shape crypto regulation in the United States.

He recently commented on this as Donald Trump prepares to mount the presidential seat on January 20. Trump is building a transition team to bring his pro-crypto intentions to life.

Charles Hoskinson and Crypto Regulations

In a video posted on X, Charles Hoskinson acknowledged the complexities of transitioning to a new presidential administration.

This event usually entails a change in leadership across several sectors. This includes the US Securities and Exchange Commission (SEC) and the US Treasury Department

So far, the president-elect has nominated former SEC Commissioner and current CEO of Patomak Global Partners Paul Atkins to lead the agency.

In addition, pro-crypto Scott Bessent has been nominated to serve as the US Treasury Secretary. Following these nominations, discussions on favorable crypto policies are ongoing on the legislative front.

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On the matter of crypto regulations, the Cardano founder confirmed that he will soon meet with US Senator Tim Scott.

This marks one of his numerous meetings with other senators, especially those in the banking sector.

Charles Hoskinson claimed that his discussions with most of these lawmakers are largely centered on how regulations can work in the digital asset sector.

In addition, they intend to define clearly how broad the reach of regulators will be in the crypto sector.

This is necessary, judging by how much crypto exchanges accused the Gary Gensler-led SEC of regulatory overreach.

Expected Changes Under Donald Trump

With Trump finally coming into office, the crypto ecosystem is anticipating more regulatory changes in the sector.

Crypto proponents believe getting Gensler out of the agency may be the only way to promote creativity and innovation in the industry.

In the past, a couple of crypto businesses operated outside the US to avoid regulatory crackdowns. The two regulators many startups avoid include the US SEC and the Commodity Futures Trading Commission (CFTC).

A change in administration could encourage them to return to the country. This will mean good for the gross domestic product (GDP) and the general economy of the United States of America.

Similarly, some investment asset management firms, such as Bitwise, Canary Capital, and 21Shares, have expressed interest in listing alternative crypto ETF products.

They hope the SEC will approve their applications for XRP and Solana ETFs. This may become a reality in a few days with an improved crypto regulatory landscape.

In addition, Donald Trump plans to establish a strategic Bitcoin reserve in the US as part of his pro-crypto moves.

How Will the Cardano Ecosystem Benefit?

While Charles Hoskinson is speaking for the benefit of the broader crypto sector, Cardano may benefit more if regulations improve.

Should crackdowns reduce, the previous designation of Cardano as an investment contract might be rescinded. This shift might impact its price in the long term.

Analysts anticipate Cardano might reach $3 before the end of 2025. The enhanced regulation might also receive a boost with a potential Cardano ETF launch.

At the time of writing, Cardano’s price was changing hands for $1.0633, up 6.22% in 24 hours.

Beyond regulations, the Cardano ecosystem is looking forward to multiple upgrades this year, such as the one rolled out on Yoroi Wallet.

The protocol’s other focus areas include its focus on Bitcoin DeFi integration, Midnight Network, Partnerchains, and dApp upgrades.