Charles Hoskinson, the founder of Cardano, has given the cryptocurrency community an update on his efforts to promote the development of an all-encompassing regulatory framework.
Charles Hoskinson, the founder of Cardano( Source: Bit2Me News
According to Hoskinson, discussions to establish a functional regulatory framework for cryptocurrencies in the US have sped up. Hoskinson talked about his recent encounters with US senators at a November 17 “Surprise AMA” session. Hoskinson presented a comprehensive plan to establish the US as a world leader in the cryptocurrency industry.
Hoskinson Discusses Contact with Crypto Leaders and Lawmakers
Hoskinson revealed in the interview that he is actively interacting with US senators to talk about crypto regulation. “I have met with senators and policymakers,” he said. He talked to them about the necessity of developing industry-wide working guidelines.
The founder also stated that he will see how things come together over the next 60-90 days, but he remains confident about the outcome. Notably, the timeframe corresponds to Donald Trump’s inauguration period. This verifies his past claims. Things were supposed to become more intense after the pro-crypto president-elect took office.
In his campaign for crypto regulation, Hoskinson also revealed partnerships with important industry figures, describing them as “great partners.” In order to support the clarity charge, the creator disclosed speaking with Brad Garlinghouse, the CEO of Ripple, and his efforts to get in touch with Leemon Baird, a co-founder of Hedera.
The Cardano Founder’s Approach to Regulation
Hoskinson added the group is considering all of its regulatory options. According to him, they are thinking about using presidential orders, legislation, and administrative adjustments to forward the policy charge.
He emphasized that their goal is to develop a crypto regulatory framework that is superior to that of other nations. The founder of Cardano stated they would research digital asset models from the UAE, Singapore, and Switzerland. They stated their goal was to establish regulations that would position the United States as the “global leader in cryptocurrency.”
Hoskinson also insisted that urgent concerns regarding asset classification will be addressed by the US crypto policy. There have been several disagreements between the US Securities and Exchange Commission (SEC) and cryptocurrency companies. The SEC has classified as securities assets like XRP, Solana, and Cardano.
Hoskinson stated that specific legislation, and regulations that will dispel these misunderstandings would be put into effect. In order to draw international digital asset companies to the US, Hoskinson added that the crypto policy would address consumer protection, tax clarity, and custody standards.
