Charles Hoskinson Pushes U.S. Crypto Policy

CRYPTO
Charles Hoskinson Pushes U.S. Crypto Policy

Cardano founder Charles Hoskinson has announced plans to establish a dedicated policy office at his company, Input Output, aiming to support the development of U.S. cryptocurrency policy. Hoskinson said he will be working closely with lawmakers in Washington, D.C., and collaborating with industry leaders to drive meaningful policy discussions.

In a Nov. 9 video shared on X, Hoskinson emphasized the urgency: “We have to do this, and we have to get it done.” He believes the recent U.S. election, which resulted in a Republican sweep, presents an ideal moment for the crypto industry to secure regulatory clarity. Hoskinson noted that a more favorable policy landscape could emerge with the GOP controlling both Congress and the White House.

Hoskinson’s announcement follows years of regulatory challenges for the crypto industry, with Ripple’s CEO, Brad Garlinghouse, among those vocal about the U.S. falling behind globally. Hoskinson stressed that crypto policy should be determined by American stakeholders, not large corporations. He hopes his efforts will help create bipartisan legislation providing clear definitions for crypto assets and fostering industry growth.
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STOCKMARKET
Trump Win Sparks Market Optimism

Market veteran Ed Yardeni sees the potential for a “Roaring 20s” era on Wall Street extending well into the 2030s, especially with Donald Trump back in the White House and Republicans holding power in Congress. According to Yardeni, this political shift could support strong market returns by fostering lower taxes and deregulation, which many investors expect to boost corporate profitability.

Since the economy began rebounding post-pandemic, Yardeni has promoted this optimistic scenario. He now places the odds of a new Roaring 20s at 50%, with a 1990s-style market surge at 20%, and a more challenging 1970s-like scenario at 30%.

Yardeni suggests staying heavily invested in U.S. stocks, favoring a domestic focus over global diversification. While he acknowledges inflation risks due to Trump’s policies, he sees productivity gains from technology, AI, and automation as potential offsets. Yardeni’s optimism isn’t universal, however; PIMCO’s Dan Ivascyn warns the economy may risk “overheating,” posing challenges for the Fed and markets.
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FED
Musk Backs Presidential Fed Control

Elon Musk has voiced support for presidential influence over Federal Reserve policy following Donald Trump’s election win. Musk endorsed the idea in response to Sen. Mike Lee's social media post advocating for the Fed to operate under presidential direction, punctuated by the hashtag “#EndtheFed.” Musk responded with a “100” emoji, signaling agreement.

The remark reflects a potential shift in Fed independence under a Trump administration. During his campaign, Trump hinted at wanting more control over Fed policy, suggesting that his business experience gives him “better instincts” for such decisions. This stance marks a break from the longstanding tradition that aims to keep the Fed’s decisions—such as adjusting interest rates—focused solely on the economy’s health, independent of political pressures.

Fed Chair Jerome Powell recently stated he would not resign if asked by Trump, highlighting the renewed tension that may arise between the incoming administration and the central bank, echoing conflicts from Trump’s first term.
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Word of the day
Truncate

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// The interview was truncated and edited for clarity.

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