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Charles Hoskinson, founder of Cardano, plans to launch a policy office in his firm Input Output to help establish cryptocurrency regulations in the United States. He intends to collaborate with lawmakers and other key industry figures in Washington DC. Hoskinson’s announcement comes amidst criticisms regarding the U.S’s slow progress in formulating crypto legislation. He believes the stakeholders, not corporations like BlackRock, should dictate the regulations. He aims to assist in this endeavor when Trump assumes office in 2025, hoping to develop a law offering clear guidelines on what constitutes a security and commodity in crypto.

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Charles Hoskinson, the guy who started Cardano, has said he’s going to launch a policy office in his company, Input Output. He’s doing this to help shape rules and laws for cryptocurrencies in the United States.

Hoskinson plans to spend a lot of time in Washington DC, working with lawmakers and members of the administration. He wants to get other key folks in the business involved in creating these rules and guidelines. He mentioned this in a video he posted on November 9.

According to Hoskinson, now’s the best chance the crypto world has to get some clear rules in place. He thinks there’s a big chance that Republicans will control the Senate, the Presidency, and the House. This is even more likely after Trump won the election on November 6 promising to make it easier for the crypto world to do business.

His announcement comes after a rocky couple of years for cryptocurrencies, with many crypto bigwigs saying the United States is dragging its feet. Brad Garlinghouse, the head honcho at Ripple, a blockchain payment company, has publicly voiced his frustrations numerous times during Ripple’s long legal fight with the U.S. Securities and Exchange Commission (SEC).

Back in March 2023, Garlinghouse warned that the SEC’s approach to regulations could make the U.S. fall behind when it comes to crypto and blockchain technology.

Hoskinson thinks that regular people, the U.S. crypto industry, and lawmakers should be the ones setting the rules for crypto. According to him, no one agreed for companies like BlackRock to dictate what the rules for crypto should be in the U.S.

Hoskinson has talked about his friendships with lawmakers and members of Trump’s team. He’s hoping to have a hand in making these rules when Trump starts his administration in 2025.

While nothing’s set in stone yet, Hoskinson hopes all this work will result in a law that both parties can agree on. Ideally, this will offer clear guidelines on what is and isn’t a security and commodity in crypto, so everyone can get down to business.