Cardano's ADA Surges 33% as Founder Charles Hoskinson Plans to Influence U.S. Crypto Policy Under Trump Administration

On Sunday, Cardano (ADA) hit its highest point since April. This surge followed an announcement from its founder about his plans to influence U.S. crypto policy next year.

ADA jumped by as much as 33%, reaching $0.64. It later settled back to $0.58, according to CoinGecko data.

Charles Hoskinson, the founder of Cardano, stated his intention to be a significant voice in President-elect Donald Trump’s administration when he takes office on January 20.

In a video posted by TapTools, a Cardano-based wallet and token tracking platform, he said, “A large part of my time in 2025 will also be devoted to the political process.”

He continued, “I’ll be working with lawmakers in Washington, D.C., and members of the Trump administration to help shape crypto policy.”

It's important to note that Hoskinson hasn’t been officially appointed to any position. However, Trump has promised to listen to industry voices when making future regulations.

As a well-known figure in the crypto space, Hoskinson co-founded Ethereum and created Cardano through his company, Input Output Global (IOG).

He was involved in Ethereum’s early days alongside Vitalik Buterin but left due to differing visions for the project. Hoskinson preferred a corporate approach with venture capital, while the Ethereum team aimed for a decentralized model.

Recently, he announced a shift in Cardano’s strategy to operate as a Bitcoin Layer 2 solution. This change aims to leverage Bitcoin’s security and liquidity, allowing for faster transactions.

At the Staking Summit in Bangkok last week, IOG's Chief Technology Officer Romain Pellerin revealed plans for a new partner chain called Midnight, set to launch next year.

This new blockchain will focus on providing advanced privacy and selective disclosure for users and businesses, secured by Cardano Stake Pool Operators (SPOs).

SPOs manage stake pools on the Cardano blockchain, which are critical for its proof-of-stake consensus mechanism. They help secure the network and validate transactions.

These operators will earn additional $Night tokens, with governance for Midnight secured on Cardano, according to Pellerin.

The recent rise in ADA's value reflects growing confidence in its ecosystem. This comes amid a broader increase in digital assets.

Bitcoin recently broke through $80,000, reaching a new all-time high. Meanwhile, the popular meme coin Doge soared to levels not seen in over three years.