The fact a pro bitcoin administration won the election is extremely bullish for the narrative of bitcoin in 2025 with president elect Donald Trump going as far as stating, "If crypto is going to define the future, I want it to be mined, minted and made in the USA" during his speech in Nashville. His mission is going to require much more clarity coming from the committee of figures overseeing the rules and regulations within the crypto space. This will likely end up transitioning into a more formalized crypto committee, or even the possibility of a czar-like figure, think of how we in the United States have what's called a border Czar, whom Trump recently elected as Tom Homan. Charles Hosksinson even endorsed Brian Armstrong as a great candidate for this position, and recommended sub committees with divisions within crypto like Defi, DEX's etc. This is the important decision everyone is waiting on, the selection of treasury secretary for its next term and what we all should be eagerly anticipating over the coming months.
All of this to say, Charles Hoskinson, founder of Cardano is willing to help shape crypto legislation under the trump administration and is traveling to DC proactively having discussions with Senator Scott, along with members of the banking sector around which powers will reside with the committee, and how it works. Specifically mentioning asset classification and security, and how they are exploring ideas around what powers are reserved for the CFTC and SEC.
Find out more from this article published by Bitcoinist and can be found directly from our website in the News section!
https://bitcoinist.com/cardano-founder-new-details-trump/
Fun Fact: Did you know Cardano is the considered to be the second most decentralized asset in the crypto space, as of November 2024? Cardano is known for its scalability, interoperability, sustainability and has prioritized decentralization as a key pillar of the protocol. An important piece to this its consensus mechanism which is any method used to achieve agreement, trust, and security across a decentralized computer network. In the context of blockchains and cryptocurrencies, proof-of-work (PoW) and proof-of-stake (PoS) are two of the most prevalent consensus mechanisms. Cardano's consensus mechanism, known as Ouroboros was designed to ensure a decentralized network that allows stakeholders to effortlessly participate in the validation of transitions and the governance of the platform.
A variety of metrics, including the distribution of stake pools along with the level of participation among stakeholders was analyzed to determine Cardano's decentralization ranking. These results discovered that Cardano ranks second-most decentralized asset.
Learn more about this from U.Today which published this article:
https://u.today/cardano-ada-second-most-decentralized-asset-in-crypto#:~:text=Cardano%20has%20been%20celebrated%20for,asset%20in%20the%20cryptocurrency%20industry.