Cardano's ADA Surges Amid Hoskinson's Potential Role in Trump Crypto Policy

Charles Hoskinson plans to influence U.S. cryptocurrency regulation under the upcoming Trump administration, driving ADA to a seven-month high.

Cardano's ADA token experienced a 15% increase, reaching its highest value since April, following Charles Hoskinson's announcement of his intent to shape U.S. crypto policy.
The surge in ADA's price is attributed to Hoskinson's plans to work closely with lawmakers and the Trump administration on cryptocurrency regulations.
Speculation suggests Hoskinson might join Trump's cryptocurrency advisory council, although no official appointment has been made.
Trading volumes for ADA skyrocketed, with a significant rise in open interest for futures contracts, indicating increased market speculation.
The broader cryptocurrency market also saw gains, with Bitcoin reaching new all-time highs, reflecting a bullish sentiment across digital assets.