thecryptobasic.com
Shiba Inu lead Shytoshi Kusama has taken a series of swipes at Cardano founder Charles Hoskinson after he announced he would work with the US government to facilitate the crypto policy.
The Cardano founder made headlines over the weekend following his return from his “off the grid” period. This time, it was not another X spat or his notorious Cardano defense speech but a development that has been bullish for Cardano.
Cardano Founder to Work With Trump on Crypto
Hoskinson announced in a November 9 podcast that he would spend most of next year working with the Trump administration to establish clear regulations for the crypto industry. He noted he would do so with a few other industry leaders.
I'm Back https://t.co/55sN3N7Xq8
— Charles Hoskinson (@IOHK_Charles) November 9, 2024
The Cardano founder further revealed that Input-Output Global (IOG) would set up a policy office and hopes to begin collaborating with the US government by January. He noted that the intended office would help hybridize many pro-crypto bills, including the Financial Innovation Technology 21 (FIT21) and the Lummis-Gillibrand Responsible Financial Innovation Act (RFIA).
Notably, Hoskinson stated that the collaboration was yet to be fully decided, citing that Trump is yet to take power after his bullish November 5 election win. However, he expressed optimism that he would be a part of the crypto policy team, as he has “personal friendships with certain lawmakers” who are on Trump’s transition team.
BREAKING: Charles Hoskinson says "I will work with lawmakers and the administration. IOG will establish a policy office to hybridize FIT21, RFIA, to get a bipartisan bill passed. I have personal friendships with the Trump administration. I hope to be part of that." #Cardano $ADA pic.twitter.com/RgbgFTVqcx
— Angry Crypto Show (@angrycryptoshow) November 10, 2024
Shiba Inu Lead Taunts Hoskinson
Meanwhile, Hoskinson’s disclosure spiked ADA’s price, which jumped over 40% in 24 hours to a 7-month high of over 60 cents. However, it attracted taunts from Shiba Inu’s lead, Shytoshi Kusama, who pointed out a few things from the announcement.
In an X post, the pseudonymous lead first reacted with, “Seriously?!!!!,” accompanied by a GIF. Kusama further stated that he just understood Hoskinson’s “wordings,” which was why Hoskinson announced the alleged collaboration and not Trump’s administration.
Oh I see the wording now. Guess that's why he announced it and not Trump Administration. Lol 😆
— Shytoshi Kusama™ (@ShytoshiKusama) November 10, 2024
Furthermore, the Shiba Inu lead insisted that he would never announce work for any government in the world without their official confirmation. He stated “loud and clear” that the government must also announce the partnership.
LET ME SAY THIS ONCE AND LOUD AND CLEAR.
IF I EVER EVER EVER ANNOUNCE WORKING WITH ANY WORLD GOVERNMENT IN ANY CAPACITY, THE GOVERNMENT WILL ANNOUNCE AS WELL.
SINCERELY,
SHY #nohashtag https://t.co/XtMSRVKDoM— Shytoshi Kusama™ (@ShytoshiKusama) November 10, 2024
Meanwhile, Hoskinson’s post has steered cheers and applause from the crypto community, which has lauded his commitment to moving the digital asset industry forward. For instance, a user stated that the founder has finally been recognized as a brilliant mind that would contribute meaningfully to the US government.