ADA founder: Willing to help Trump administration develop cryptocurrency legislation

BlockBeats news, November 10, according to CoinGape, ADA (Cardano) founder Charles Hoskinson expressed his willingness to work with the US government under Trump to help develop cryptocurrency legislation. The goal is to create a clear regulatory framework for the cryptocurrency industry.

Hoskinson announced these plans in a recent speech and said that the development of positive policies on cryptocurrencies requires the support of both Democrats and Republicans. Its company Input Output Global (IOG) will set up a separate policy department for cryptocurrency regulation. The office will focus on developing a legislative framework that incorporates the provisions of the 21st Century Financial Innovation and Technology Act (FIT21) and the Responsible Financial Innovation Act (RFIA). He added: "I will work with legislators and the government to promote the passage of a bipartisan bill."