The Cardano founder said he intends to meet with Democratic senators, including John Fetterman of Pennsylvania, to push for more crypto-friendly legislation.
Charles Hoskinson explained that his strategy is to bridge the gap between the Republican and Democratic parties on cryptocurrency by convincing members of Congress to focus their energy not on fighting, but on creating new rules for crypto companies. The meeting will allow politicians to see what cryptocurrencies are capable of, Hoskinson believes.
Democratic Senator John Fetterman recently criticized Vice President Kamala Harris for calling President-elect Donald Trump a fascist. Hoskinson believes Fetterman is the Democrat to talk about cryptocurrency regulation, as he is “willing to challenge party lines and think differently.”
Hoskinson criticized the Biden administration and Senator Elizabeth Warren for their hard-line stance on cryptocurrencies. The Cardano founder believes that the crackdown on crypto companies is “stifling innovation” and preventing legitimate businesses from doing business.
Hoskinson’s plans go beyond meetings with lawmakers. He has proposed a so-called “Bill of Rights” — amendments to the U.S. Constitution that would protect consumers, ensure fair crypto taxation, and clearly classify assets. Hoskinson previously proposed making Coinbase CEO Brian Armstrong the Trump administration’s “White House crypto czar.”
Hoskinson recently made a bold prediction that in a few years, by 2027, Bitcoin will grow to $500,000. This should be facilitated by the interest of states in cryptocurrency – more and more countries are beginning to consider Bitcoin as a strategic reserve asset.
