Emily Walker
A prominent figure in the cryptocurrency industry is actively working to establish a bipartisan approach to crypto regulations. Charles Hoskinson, the founder of Cardano, is set to engage in discussions with Senator John Fetterman and other Democratic senators, advocating for the creation of policies that address the unique aspects of cryptocurrencies.
Creating Bipartisanship in Crypto
Hoskinson emphasized the potential for cryptocurrency to transcend party lines by collaborating with Democratic senators in the upcoming year.
“Crypto isn’t just a Republican issue; it affects all Americans globally. We can only advance by uniting everyone,” Hoskinson stated.
He believes it is crucial for lawmakers from both parties to set aside their differences and collaboratively explore the benefits that cryptocurrency can bring to the nation.
To make crypto bipartisan, we need to connect with specific Democrats. I aim to meet with Senator Fetterman and others. Many leaders believe previous approaches to crypto were misguided, and now is the time for change…
— Charles Hoskinson (@IOHK_Charles) December 22, 2024
Planned Discussions with Senator Fetterman
One of Hoskinson’s key targets for discussions is Pennsylvania senator John Fetterman.
“I plan to meet with Senator Fetterman’s team and others in similar positions,” Hoskinson mentioned in a post.
Fetterman has recently shared his thoughts on Donald Trump’s victory in the latest presidential election, suggesting that Trump was perceived as a defender of American values.
In a recent interview, he remarked, “Trump is far from a fascist, contrary to Kamala Harris’s claims.”
“There are plenty of Democrats, especially in my state, who voted for Trump and are not fascists,” Fetterman noted.
He contended that voters chose a candidate they believed would safeguard their interpretation of the American way of life.
Hoskinson remarked that Fetterman embodies the leadership that crypto requires—individuals willing to think outside traditional party lines.
Moreover, Hoskinson commented that cryptocurrency has suffered due to the current Biden administration’s tough stance and opposition from some policymakers like Elizabeth Warren.
Advocating for a Crypto Users Bill of Rights
In addition, Hoskinson is promoting a “Bill of Rights” for cryptocurrency users, focusing on consumer protection, equitable taxation, and clear asset categorizations.
He has also launched an initiative called “Operation Baseline,” aimed at pinpointing inefficiencies in the U.S. cryptocurrency market and developing legislation to rectify these issues.
Featured image from DALL-E, chart from TradingView