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ADA hits 7-month high following announcement from Charles Hoskinson

Cardano founder Charles Hoskinson recently revealed plans to collaborate with the upcoming Trump administration to develop clear regulations for the cryptocurrency market. This announcement coincides with a 34% surge in ADA’s price, reflecting renewed investor optimism.

In a video posted on the X platform, Hoskinson shared that he plans to spend significant time working with lawmakers in Washington, D.C. His company, Input Output Global (IOG), will establish a dedicated policy division focused on crypto regulation. This new division aims to create a comprehensive regulatory framework by integrating elements from the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA).

Hoskinson believes that the upcoming Republican administration presents a unique opportunity to bring much-needed legal clarity to the crypto industry. However, he emphasized the importance of bipartisan support to establish an effective regulatory framework.

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