Charles Hoskinson, the mastermind behind Cardano and founder of IOG, just made a dramatic comeback on X, dropping some big news about a role in the Trump administration.
In the wake of his announcement, Cardano’s native token, ADA, went on a tear, surging over 30% in a single day and reaching new multi-month highs near $0.60.
After a break from X, Charles Hoskinson is back with a bang. In a new 40-minute video, he dropped some major updates about working with the upcoming Trump administration. Hoskinson, who co-founded Ethereum, shared plans to spend significant time in 2025 collaborating with US policymakers to shape a more supportive regulatory landscape for digital assets. To make this happen, IOG will shift some personnel around, setting up a dedicated office focused on crypto legislation.
Cardano’s native token, ADA, didn’t waste time reacting. It shot up from $0.44 early Sunday to nearly $0.60 in minutes. Though it’s pulled back a bit, ADA is still over 30% up on the day and an impressive 70% higher than this time last week.
