Cardano Leader Charles Hoskinson Pushes Crypto Unity With Democratic Senators

A key figure in the cryptocurrency sector is out on a mission to push for a bipartisan crypto policy that would redefine the regulations governing digital assets. Cardano founder Charles Hoskinson will talk with Senator John Fetterman and other Democratic senators to lobby the crafting and establishment of policies that match the circumstances surrounding cryptocurrencies.

Crypto A Bipartisan Issue

The Cardano founder explained that cryptocurrency can become a bipartisan issue by engaging Democrat senators next year.

“Crypto isn’t a republican issue. It’s an American and global issue. Only by bringing everyone together can we get to the next level,” Hoskinson said in a post.

The crypto founder’s approach is to encourage lawmakers from both the Republicans and the Democrats to pause fighting each other, saying that both camps should collaborate and examine thoroughly what crypto can do for the country.

When people ask how we make crypto a bipartisan issue, these are the Democrats we need to talk to next year. I’ll meet with Senator Fetterman’s people and those like him. Many in leadership positions felt that Warren and Biden had gotten crypto wrong, and now is the time to bring… https://t.co/ru9u8f5879

— Charles Hoskinson (@IOHK_Charles) December 22, 2024

Talk With Senator Fetterman

Hoskinson said that one of the Democrat senators he plans to talk to for the bipartisan crypto policy is senator John Fetterman of Pennsylvania.

“I’ll meet with Senator Fetterman’s people and those like him,” Hoskinson said on his X post.

Fetterman has been in the headlines after giving his insights on why Donald Trump won the recent US election.

In an interview, the Democratic lawmaker believes that Trump emerged triumphant in the last election because he was seen as a protector of the American way of life, adding, “Trump is not a fascist like Kamala Harris claimed.”

ADA market cap currently at $31.9 billion. Chart: TradingView.com

“A lot of Democrats, especially in my state that I know and I happen to love people that [voted] for Trump and they are not fascists,” Fetterman said.

He argued that Americans decided to go for the candidate whom they perceived was going to protect and project their version of the American way of life.

Hoskinson noted that the senator is the kind of leader that cryptocurrency needs, leaders who are willing to challenge party lines and think differently.

The Cardano founder argued that cryptocurrency is a victim of political crossfire from the hard stance of the Biden administration and some US policymakers like Elizabeth Warren against the crypto sector.

Crypto Users Bill Of Rights

Hoskinson is also advocating a “Bill of Rights” for crypto users, a proposal he plans to push for.

He explained that the suggested “Bill of Rights” would focus on consumer protection, fair taxation, and clear asset classification.

Furthermore, the crypto founder initiated a campaign that he dubbed “Operation Baseline,” saying that the campaign aims to identify inefficiencies in the cryptocurrency market in the country and craft legislation that will address these inefficiencies.

Featured image from DALL-E, chart from TradingView