Charles Hoskinson Stresses Cardano’s Commitment To Exclusively Doing Regulated Commerce

Hoskinson-the founder of Cardano (ADA) and the CEO of Input Output Hong Kong (IOHK) spent a week in Washington, D.C., discussing legislative drafts and laws surrounding cryptocurrencies with legislators.

Cardano founder Charles Hoskinson, a longtime advocate for more government transparency when it comes to legislation and how ADA may help politicians accept cryptocurrencies, recently addressed his thoughts on the state of affairs in Washington, D.C. through YouTube on May 27.

In addition, he shared that they would engage in policy conversations with legislators and, when provided drafts of legislation, provide feedback on how the wording may be made more effective. 

“The Cardano ecosystem is going to be engaging and have a desire to do regulated business whether it be a security token offering, whether it be regulated, or whether it be legacy financial institutions like banks adopting the protocol and want to maintain their charters.”

The IOHK CEO added:

“These are hundreds of use cases that are not hypothetical but are already under construction or have been constructed.”

Hoskinson is optimistic about the future

Overall, Hoskinson saw positives from his trip to Washington and dealing with lawmakers; he admitted there is still a lot more work to be done and “a lot more shoe polish is required,” however, he remains optimistic.

“We will continue as a community to ever get more decentralized and resilient and diverse and we as a community will continue to innovate many of the things we are doing in Cardano are not just about scalability, performance and quality of code but have a lot to do with the social elements of a cryptocurrency.” 

Finally, with a fast increasing ecosystem and the June release of the Vasil Hard Fork on the horizon, ADA’s creator expressed his desire to continue working and see his platform evolve. Hoskinson stated that he would continue to communicate with organizations such as the DCC, the blockchain association, and others in order to discover collaborative prospects.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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