• Charles Hoskinson, the founder of Cardano, has predicted that significant changes in the status quo of crypto regulation in the United States won’t occur until 2025.
• Hoskinson believes that given the current situation in Washington, there is an opportunity for legislative movement over the next six to nine months.
• Crypto attorney John Deaton had previously predicted that U.S. crypto regulation isn’t coming until at least 2025 or even later.
Cryptocurrency regulation in the United States has been an ongoing conversation for years now, but with no real progress being made. There are many who are hoping for a more favorable regulatory environment for crypto, but the prospects for this happening in the near future don’t seem too promising.
Recently, popular crypto attorney John Deaton predicted that crypto regulation isn’t coming to the United States until at least 2025 or even later than that. Now, Charles Hoskinson, the founder of Cardano, has mirrored Deaton’s prediction.
In an interview with crypto journalist Eleanor Terrett, Hoskinson shared his thoughts on cryptocurrency regulation in the United States. According to him, we won’t see any significant changes in the status quo until 2025 at the earliest. He further reacted to the tweet that shared his interview by saying that given the present situation in Washington and the fact that 2024 is an election year, we have a window of opportunity for legislative movement of between six and nine months this year, and then the next one is in 2025. Before the fall of FTX, Hoskinson would have said 2023, but after the infamous collapse of the world’s former second-largest exchange, he believes that 2025 is the most likely outcome.
Despite this, Charles shared some hope. He said that there are a number of MoCs (Members of Congress) that are seeking to establish a more healthy regulatory framework for the industry and there are also potential bipartisan issues this session.
It is clear that there is still much work to be done before the U.S. sees a more favorable regulatory environment for crypto. For now, it seems that those hoping for a change in the near future will have to wait until at least 2025.