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ADA Founder: Willing to Help the Trump Administration Develop Cryptocurrency Legislation
On November 10th, according to CoinGape, Charles Hoskinson, the founder of ADA (Cardano), expressed willingness to cooperate with the US government under the leadership of Trump to help formulate cryptocurrency legislation. The goal is to create a clear regulatory framework for the cryptocurrency industry. Hoskinson announced these plans in a recent speech, stating that the support of both the Democratic and Republican parties is needed to formulate positive policies regarding cryptocurrency. His company, Input Output Global (IOG), will establish a separate policy department for cryptocurrency regulation. This office will focus on formulating a legislative framework that incorporates provisions from the Financial Innovation and Technology Act of the 21st Century (FIT21) and the Responsible Financial Innovation Act (RFIA). He added, 'I will work with legislators and the government to push for a bipartisan bill to be passed.'