Charles Hoskinson, the founder of Cardano, announced that he will be working with the US government to establish clear regulations for the crypto industry. He plans to collaborate with industry leaders and set up a policy office to help develop pro-crypto bills. This news has caused the price of ADA, Cardano's cryptocurrency, to spike over 40% in 24 hours. However, Shytoshi Kusama, the lead of Shiba Inu, criticized Hoskinson for announcing the collaboration without official confirmation from the government. Despite the criticism, Hoskinson's announcement has received positive reactions from the crypto community, who see it as a step forward for the industry.



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