Charles Hoskinson, the founder of Cardano 
$0.55897, announced his collaboration with the administration of former U.S. President Donald Trump to contribute to shaping crypto regulations. The goal is to establish clear regulatory frameworks for the cryptocurrency industry, which has long struggled with uncertainty.
Bipartisan Support is Crucial
Hoskinson emphasized that support from both parties is necessary for crypto-friendly policies to be implemented. Cardano, along with leading blockchain networks like Bitcoin 
$88,394, is continuously subjected to regulatory oversight in the U.S.
He stated that his company, Input Output Global (IOG), will open a dedicated policy office focusing on crypto regulations. This office will cover regulations such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).
“I will work with lawmakers to create a bill that can gain support from both parties,” Hoskinson remarked.
Growing Support in Congress
The founder of Cardano noted that the FIT21 proposal has received backing from over 60 Democratic members in Congress, demonstrating bipartisan support for crypto legislation.
According to Hoskinson, regulatory clarity for the crypto sector can be achieved with support from the Senate and House, both controlled by Republicans, as well as the presidency. “This is the greatest opportunity for clarity in the history of the sector,” he added.
A Critical Step for the Future
Hoskinson’s statements highlight the importance of political collaboration for the growth of the crypto sector in a safer and more regulated environment. IOG’s initiative may play a crucial role in shaping future regulations.
Reducing regulatory uncertainty in the crypto market could open doors to innovative projects and investments.
