Cardano Surges Amid Speculation of Founder Advising Trump on Crypto

1 min read
Source: Decrypt
Cardano Surges Amid Speculation of Founder Advising Trump on Crypto
Photo: Decrypt
TL;DR Summary

Cardano's ADA token surged to a seven-month high after founder Charles Hoskinson announced plans to influence U.S. crypto policy under the Trump administration. Hoskinson aims to work with lawmakers and the administration to shape future regulations. Meanwhile, Cardano is pivoting to operate as a Bitcoin Layer 2 solution, enhancing its scalability and security. This comes amid a broader crypto market rally, with Bitcoin reaching new highs.

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