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Cardano founder Charles Hoskinson has updated the crypto community on his quest to drive the creation of a comprehensive crypto regulatory framework.
Hoskinson stated that the conversations to create a working cryptocurrency regulatory framework in the United States have gained momentum. In a November 17 “Surprise AMA,” he disclosed his latest contacts with the government and notable crypto industry leaders, outlining what the sector aims to achieve ultimately.
Hoskinson Reveals Contact with Lawmakers, Crypto Leaders
In the podcast, Hoskinson disclosed his active engagement with US lawmakers to discuss crypto regulation. He stated he has had meetings with senators and policymakers, fronting the need to create a working guideline for the industry to them.
The founder also noted he would see how things come together in the next 60-90 days but remains optimistic for positive outcomes. Notably, the timeframe correlates with Donald Trump’s inauguration period, confirming his earlier assertions that things would get more intense when the pro-crypto President-elect assumes power.
Hoskinson also disclosed alliances with key industry leaders, whom he noted were “great partners” in his crypto regulatory push. The founder revealed conversing with Ripple CEO Brad Garlinghouse and his attempts to contact Hedera’s co-founder Leemon Baird to help foster the clarity charge.
Cardano Founder’s Regulatory Strategy
Meanwhile, Hoskinson noted that the team is weighing its regulatory options on all fronts. He stated that they are considering pushing the policy charge through administrative changes, executive orders, and lawmaking.
He also insisted they want to create a crypto regulatory policy that outperforms those in other countries. The Cardano founder noted that they would study digital asset models from Switzerland, Singapore, and the United Arab Emirates, and create policies that would make America the “global leader in cryptocurrency.”
Furthermore, Hoskinson maintained that the US crypto policy will address pressing issues around asset classification. The US Securities and Exchange Commission (SEC) has had a series of fallouts with crypto firms, brandishing assets like XRP, Solana, and Cardano as securities.
As a result, Hoskinson noted that specific bills and regulatory guidelines clarifying these misconceptions would be implemented. Consequently, the issue of regulatory overreach and regulation by enforcement would be in the past.
Hoskinson also mentioned that the crypto policy would cover custody standards, tax clarity, and consumer protection, ultimately attracting global digital asset firms to the US. He asserted that the regulatory clarity would create a multi-trillion-dollar crypto industry on American soil and allow enthusiasts to use digital assets “the way we want to.”
Cardano Founder Debunks JRE Appearance
Meanwhile, the Cardano founder has debunked speculations that he would appear on the Joe Rogan Experience podcast. In a tweet, he noted that he has no appointment to appear on the show.
Hoskinson encouraged users to abstain from spreading rumors, noting he would be the first to disclose events as such if they were true. Notably, the speculations made the rounds last week, with notable platforms carrying the rumor.