Charles Hoskinson, founder of Cardano (ADA) cryptocurrency, is planning to influence US crypto policy during Trump’s term. He revealed his plan to form a “policy office” that aims to cut through red tape and address issues like asset classification, stablecoin rules, custody protocols, and tax laws.
Given his connections with Robert F. Kennedy Jr., who Trump may tap for his administration, there is a strong possibility that Hoskinson could join Trump’s team. His plans have already boosted ADA’s value by over 30%. However, some in the crypto community are wary of him, citing his controversial past and underperformance of Cardano this year.