Venturing into the subject of cryptocurrency, we delve into the intriguing world of Charles Hoskinson, founder of Cardano. Despite the growing anticipation of the upcoming crypto roundtable at the White House, organized by US President Donald Trump, this leading figure in the world of crypto has confirmed that he did not receive an invitation to the event. Instead, he sets his sights in a different direction, personally journeying to Japan to hold meaningful dialogues with the Cardano community and key regulatory officials.
Charles Hoskinson, Cardano Founder, Heads to Japan Instead of White House
Addressing the White House summit during his latest livestream, Hoskinson dismisses the idea that such engagements significantly influence long-term crypto policy. He clears the air regarding the widespread speculation, stating categorically the absence of an invitation to the anticipated event.
Hoskinson underscores the importance of more substantive, regulatory progress, which he believes will take shape in Congress and administrative agencies rather than in prominent executive branch meetings. As he puts it, “The legislative branch creates the laws, the President just signs them.” He points to the ongoing initiatives that aim to pass a stablecoin bill, a market structure bill, and other crypto-related legislation. The real action, he believes, happens at the legislative branch.
Crypto Regulation: A Complex Landscape
The Cardano founder highlights the intricate nature of crypto regulation, arguing that the establishment of legal frameworks and definition of digital assets require more in-depth engagement than a solitary White House meeting. He identifies multiple US agencies, including NIST, the SEC, CFTC, and the Treasury, as being instrumental in shaping the federal crypto policy through their responsibility in creating technical and legal definitions.
Discussing the challenge of defining “American cryptocurrencies” in the light of proposed tax exemptions, Hoskinson questions how regulators would classify globally originating assets like Bitcoin and Ethereum. He further emphasizes the need for international regulatory coordination, citing countries like Switzerland, the UAE, the UK, and Japan, which have been regulating cryptocurrencies for years.
The question lingers: Will US policymakers incorporate these existing frameworks into their approach? “This is a global industry, not just an American industry,” he reiterates.
The Global Vision of Cardano
Hoskinson’s trip to Japan is in harmony with his wider vision of Cardano as a universal blockchain network, unaffected by ties to any single jurisdiction. Japan has been a vital market for Cardano since 2015, marking the asset’s rise with robust community support and regulatory engagement.
He vehemently criticizes the crypto industry’s inclination towards optics rather than substantial policy work and warns against viewing regulatory engagement as a “popularity contest.”
Cardano’s Future Trajectory
Hoskinson remains focused on Cardano’s development and adoption efforts as US policymakers grapple with crypto regulation. His key priorities include expanding Bitcoin DeFi capabilities on Cardano, implementing new governance mechanisms through Leios, advancing the Midnight privacy chain project and engaging with international regulators.
Hoskinson reaffirms Cardano’s policy team will continue working with lawmakers, but he believes achieving regulatory clarity will take years, mandating bipartisan cooperation and sustained industry involvement.
“Legislation for crypto needs to be written in a way that endures the test of time, just like the Securities Exchange Act of 1933, which is still relevant today,” he added.
At the time of reporting, ADA was trading at $0.94.
Frequently Asked Questions
Who is Charles Hoskinson?
Charles Hoskinson is the founder of Cardano, a public blockchain platform. He is a prominent figure in the cryptocurrency industry.
Was Charles Hoskinson invited to the White House’s crypto roundtable?
No, Charles Hoskinson confirmed during his livestream that he did not receive an invitation to the crypto roundtable at the White House.
What is Hoskinson’s stance on crypto regulation?
Hoskinson believes in the complexity of crypto regulation, he argues for more substantive regulatory progress in Congress and administrative agencies.
What is Hoskinson’s future vision for Cardano?
Hoskinson is focused on Cardano’s development and adoption efforts. His priorities include expanding Bitcoin DeFi capabilities on Cardano, implementing new governance mechanisms, and advancing privacy projects.
