Cardano’s ADA token hit its highest level since April, surging as much as 33% to reach $0.64 on Sunday, before settling at $0.58, following an announcement from Cardano founder Charles Hoskinson regarding his involvement in U.S. crypto policy development. Hoskinson said he intends to work closely with lawmakers and the incoming administration to advocate for supportive crypto regulations in the U.S. starting in 2025.
“A large part of my time in 2025 will be devoted to the political process,” Hoskinson shared on Saturday, in a statement posted on TapTools, a Cardano-based wallet and token tracking platform. He added, “I’m going to be spending quite a bit of time working with lawmakers in Washington, D.C., and with members of the [Trump] administration.”
Though not officially appointed by President-elect Trump, Hoskinson, a key figure in blockchain circles, aims to use his influence and industry experience to shape regulatory frameworks. Known for his role as a co-founder of Ethereum and the creator of Cardano, Hoskinson brings a unique perspective, having once supported a corporate-backed approach to Ethereum before pursuing his vision for Cardano.
As ADA’s price continues to react to developments, Cardano’s trajectory underscores the market’s attention to regulatory potential and industry advocacy at the highest levels.