Cardano Surges on Rumors of Hoskinson's Trump Crypto Role

Cardano's price surged by 32% amid speculation that its founder, Charles Hoskinson, might become a crypto advisor to President Trump. Hoskinson expressed interest in collaborating with the Trump administration to develop clear regulatory frameworks for cryptocurrencies, emphasizing bipartisan support. He plans to establish a policy division through his company, Input Output Global, to align crypto legislation with existing US financial laws. The market's positive response to these developments has propelled Cardano to become the ninth-largest cryptocurrency by market cap.