{"id":2923,"date":"2024-11-18T23:32:37","date_gmt":"2024-11-18T23:32:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2923"},"modified":"2024-11-18T23:32:37","modified_gmt":"2024-11-18T23:32:37","slug":"cardano-founder-confirms-talks-with-us-lawmakers-heres-his-plan","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2923","title":{"rendered":"Cardano Founder Confirms Talks With US Lawmakers: Here\u2019s His Plan"},"content":{"rendered":"
\n

Cardano founder Charles Hoskinson has revealed that efforts to establish a comprehensive regulatory framework for cryptocurrencies in the United States are gaining significant momentum. In a \u201cSurprise AMA<\/a>\u201d session on November 17, Hoskinson detailed his recent engagements<\/a> with US senators and key figures in the crypto industry, outlining a multifaceted strategy to position the US as a global leader in the crypto space.<\/p>\n

Cardano Founder Reveals His Plan<\/h2>\n

Hoskinson stated that he has been \u201ctalking with a lot of different senators and definitely engaging with the right people,\u201d indicating that the next \u201c60 to 90 days\u201d will be crucial in seeing how these efforts come together. He mentioned the possibility of traveling to Washington, D.C., in the coming week, depending on scheduling and the availability of other stakeholders. \u201cI already have some embedded people that have been in pretty deep conversations,\u201d he added, emphasizing the depth of his team\u2019s involvement in ongoing discussions.<\/p>\n

He outlined a comprehensive plan involving three key avenues: administrative changes and rulemaking, executive orders, and lawmaking. \u201cWhat can be done through administrative changes and rulemaking,\u201d he said, noting these are the \u201ceasiest but very ephemeral.\u201d Recognizing the temporary nature of executive orders, he stated that they \u201clive and die by the administration.\u201d<\/p>\n

Lawmaking, described as \u201cthe hardest but most permanent,\u201d is essential for creating lasting impact. \u201cThe hope is to figure out a consolidated package of the three to make America the best place in the world for crypto companies,\u201d he explained. \u201cSo we can get them all to come here in the United States, and we can create a multi-trillion-dollar cryptocurrency industry onshore.\u201d<\/p>\n

The Cardano founder highlighted several critical areas that need addressing, including taxation, custody standards, consumer protection, and asset classification. He stressed the necessity of a \u201cBill of Rights for crypto,\u201d advocating for the support and defense of non-custodial wallets. \u201cMaking sure that we can use crypto the way we want to use crypto,\u201d he said, is essential for the industry\u2019s growth.<\/p>\n

Addressing regulatory overreach, Hoskinson called for resolving issues with the Securities and Exchange Commission (SEC). \u201cSo we can get the SEC out of this insanity that we\u2019ve seen the last few years and the regulation through enforcement to come to an end,\u201d he asserted.<\/p>\n

In a move toward industry unity, Hoskinson has reached out to other crypto leaders. \u201cI had a wonderful phone call with Brad [Garlinghouse] from the Ripple community,\u201d he revealed<\/a>. \u201cHe\u2019s a good CEO. He\u2019s a good guy too. I\u2019ve known him for years, and it feels good to be back on the same team.\u201d<\/p>\n

He is also in the process of connecting with Leemon Baird, co-founder and Chief Scientist of Hedera Hashgraph. \u201cWe\u2019re right now in the process of getting a call set up,\u201d the Cardano chief said. \u201cWe\u2019ve been going back and forth, and secretaries are working with each other.\u201d He emphasized, \u201cIt\u2019s time we come together, speak with one voice, and we get policy where it needs to be so crypto can get to the next level.\u201d<\/p>\n

Hoskinson expressed confidence in the current political climate. \u201cThe House, the Senate, and the presidency are all unified in wanting to get crypto policy passed that cleans up this mess,\u201d he noted. With elections concluded, he believes there\u2019s an opportunity for decisive action. \u201cWhether you like them or not, they\u2019ve got to lead, and they\u2019ve got to get stuff done.\u201d He has set an ambitious timeline: \u201cIn the next nine months, we\u2019ve got to get a law passed<\/a>, and we\u2019ve got to figure out how to make that happen.\u201d<\/p>\n

To achieve these goals, Hoskinson called for comprehensive data gathering from US crypto businesses. \u201cAll the American crypto businesses need to get a survey and need to actually write down who they are, what they do, who their customers are, how they make their money, and most importantly, what\u2019s been going on with the US government and them,\u201d he explained. This information would feed into a unified effort to influence policy. \u201cThat can be used to get the policy changes, the executive orders, and also the laws to get the industry where it needs to go,\u201d he said.<\/p>\n

The Cardano founder also emphasized aligning US regulations with international standards. He mentioned looking at frameworks from the Monetary Authority of Singapore<\/a> (MAS), regulators in Abu Dhabi and Dubai, and Switzerland\u2019s FINMA. \u201cWe can say, \u2018Okay, well, this is what they do, and this is what we\u2019re going to do post-law and post-changes, and guess what? We\u2019re going to be number one. That\u2019s the goal,’\u201d he declared.<\/p>\n

Concluding his remarks, Hoskinson expressed optimism about the industry\u2019s potential. \u201cThat will bring trillions of dollars into the industry, get us to the next level [of] innovation,\u201d he said.<\/p>\n

At press time, Cardano traded at $0.725.<\/p>\n

\"Cardano<\/div>\n","protected":false},"excerpt":{"rendered":"

Cardano founder Charles Hoskinson has revealed that efforts to establish a comprehensive regulatory framework for cryptocurrencies in the United States are gaining significant momentum. In a \u201cSurprise AMA\u201d session on November 17, Hoskinson detailed his recent engagements with US senators and key figures in the crypto industry, outlining a multifaceted strategy to position the US […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2923","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2923"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2923\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}