Cardano's native token, ADA, saw a significant price surge after its founder, Charles Hoskinson, declared his intention to play a role in shaping cryptocurrency policy in the US under the Biden administration. ADA rose by 33% to reach $0.64 before decreasing to $0.58. Hoskinson stated that he would spend time working with lawmakers and the Trump administration to influence crypto policy. Although he has not been appointed an official position, President Trump has expressed his willingness to listen to industry experts. Hoskinson's company, Input Output Global, also plans to launch a new blockchain called Midnight, which aims to provide advanced privacy and selective disclosure for users and businesses on the Cardano network.



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