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IOG founder Charles Hoskinson said he will be a part of a team working to create regulatory policy for crypto during the Trump administration.
Perhaps the most notable piece of news for the cryptocurrency industry this weekend came from IOG’s founder, Charles Hoskinson. Asearlier, he outlined his plans for 2025, indicating that he will spend a big portion of his time helping the Trump administration create a comprehensive and possibly more favorable regulatory environment for the digital asset industry.
Somewhat expected, the biggest beneficiary of Hoskinson’s announcement was Cardano’s native token. ADA exploded by 30% at first to just shy of $0.6 but kept climbing in the following hours. It now trades above $0.63 after a 44% daily surge. Moreover, ADA has skyrocketed by almost 90% in the past week.
It answered that the short-term perspective for ADA is at $1 by 2025, and it can continue to increase in the next couple of years to $3.4 by 2027. Should the Cardano ecosystem grow in terms of its DeFi applications as well as user adoption, ADA’s price can go even higher than that, especially if Hoskinson’s efforts eventually lead to clearer regulations, which could “bolster investor confidence.”
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