Charles Hoskinson, founder of Cardano, has addressed swirling speculations regarding his potential ties to the White House. The rumors gained traction over the past few weeks due to several subtle hints by Hoskinson. Last week, Hoskinson announced the cancellation of his scheduled appearance at ETH Denver, which he attributed to a mysterious commitment in Florida. Given Florida’s association with Mar‐a‐Lago, the well-known residence of US President Donald Trump, industry insiders quickly speculated about a high-level engagement that could signal unprecedented ties between him and influential political figures.
In a post on X, the Cardano founder acknowledged the public’s rumors but was quick to clarify that any informal meetings should not be misconstrued as conferring “magic new powers”. “I appreciate the enthusiasm and speculation, but I’d like to say no one is being appointed by the executive branch to any crypto related role tonight, meetings do not imply endorsement or magic new powers, and the legislative process is just that, its a process that takes time and effort,” he stated.
Hoskinson further stressed that no crypto-related appointments were coming from the executive branch, and he promised to withhold further commentary until there is actual news. “I will not comment again on this topic until I have definitive and tangible news that is relevant to the legislative process to get new laws on the books that enable the industry to survive and thrive in the United States,” he wrote and added: “At this juncture, further comments and speculation are both counterproductive and unnecessary. Our industry is well represented and good things are coming. Leave it at that and let the process happen.”
Cardano Founder Predicts US Crypto Revolution
On March 2, Hoskinson outlined his vision for an unprecedented overhaul of the US crypto regulatory landscape in a livestream titled “True Grit.” Remarkably, he did not talk about the inclusion of ADA in the US Crypto Reserve. Instead, Hoskinson provided a look at the forthcoming legislative initiatives and the broader economic implications.
During the broadcast, the Cardano founder emphasized the need for collective action among crypto industry players to create “proc crypto legislation that will make America the best country in the world to found, fund and run a cryptocurrency project.” He further elaborated on his plan by stating, “there’s going to be a great opportunity for us to work together as an industry to be able to create proc crypto legislation.”
The Cardano founder stressed that the current legislative initiatives by the Trump administration is only the beginning of a broader effort to integrate traditional financial markets with decentralized digital assets. “We are at the dawn of a new era of the cryptocurrency industry,” he noted, adding that the impending regulatory changes will pave the way for the seamless merger of Web3 and traditional finance, leading to a “single global economic layer that runs 24 hours a day, seven days a week.”
Hoskinson also highlighted the need for stringent oversight and the preservation of decentralization, which he described as “the heart of who we are as an industry.” He pointed out that these reforms must ensure that crypto systems like Cardano maintain integrity and equitable access, stating, “we must all always preserve and protect [our systems] wherever we can however we can.” According to Hoskinson, the integration of advanced digital asset standards and robust identity frameworks, such as those enabled by the DID standard, is essential for upholding these values.
In addressing the role of government, Hoskinson elaborated on the importance of a balanced approach between the legislative and executive branches. He remarked, “I’ve already begun meeting with certain key Senators and starting the meetings in the House,” indicating that discussions are already underway at the highest levels of government. This bipartisan engagement, he believes, is critical in ensuring that regulatory frameworks remain durable and adaptive.
The proposed reforms are expected to drive significant economic growth, with Hoskinson projecting that the convergence of global financial systems and digital currencies could lead to the creation of “the next 20 trillion dollars in economic growth” and boost GDP by more than 5%. Moreover, he foresees the entry of major technology companies—Apple, Google, Microsoft, and others—into the crypto space, which could bring about widespread adoption and integration of cryptocurrency capabilities into everyday devices.
Throughout the broadcast, the Cadano founder maintained a forward-looking yet measured tone, emphasizing that while challenges remain, the opportunity to reshape the financial landscape is within reach. “We have a limited window of time as an industry to set standards that humans will have to live with for the majority of the 21st century,” he asserted.
At press time, Cardano traded at $1.06.
from Bitcoinist.com https://ift.tt/qpIFvl2
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