This Altcoin Inventor Is Going To Congress!

Altcoin: The US House of Representatives has officially invited Cardano (ADA) founder Charles Hoskinson. The Altcoin founder will speak about cryptocurrency and Blockchain. The event will be next week. The crypto community expects Hoskinson to continue to advocate for proper regulations for the crypto industry.

Altcoin founder receives invitation from US House of Representatives

Charles Hoskinson is CEO of Input Output Global (IOG), the company responsible for Cardano’s research and development. The Cardano inventor received an invitation to an important meeting next week. Hoskinson will talk about cryptocurrencies and Blockchain at the US House of Representatives Agriculture Committee.

In this context, the IOG manager announced the developments on Twitter today. He said that the conference will be held on June 23, 2022 at 10:30 (PST). He also stated that the event will be live-streamed on YouTube for everyone, including crypto enthusiasts. Hoskinson made the following statement:

I just received an official invitation to speak about blockchain and cryptocurrencies before the Agriculture Committee of the US House of Representatives. For those who want to watch it on YouTube, there will be a live stream on June 23 at 10:30 EST.


Committee oversees CFTC

The U.S. House of Representatives Committee on Agriculture is responsible for federal agricultural policy and some federal agencies, including the Commodity Futures Trading Commission (CFTC). Recently, the agency wants to give the CFTC more control to oversee altcoin projects other than Bitcoin and Ethereum.

The Securities and Exchange Commission (SEC) has yet to provide more transparent crypto regulations. After that, the nascent industry is likely to thrive better if the leading crypto players are placed under the jurisdiction of the CFTC.

Hoskinson is also among the advocates of fair cryptocurrency regulations. However, the crypto community is hopeful that it will motivate the House Agriculture Committee to continue its quest to give the CFTC more control over the crypto market.

Hoskinson leads the way in crypto growth

It is possible to say that Hoskinson is one of the leading players in the field of crypto money and Blockchain. His contributions are among the catalysts that support the wheel of progress in the cryptocurrency industry. As you know from, the Cardano boss was instrumental in the creation of the leading altcoin Ethereum. In 2017, Hoskinson started building a new blockchain project called Cardano.

Meanwhile, Cardano is described by community members as the ultimate “Ethereum Killer.” However, Cardano got off to a slow start in delivering on the promise it made to its community in the first phase. However, the team behind the project is slowly putting a smile on many faces by making significant upgrades.

Cardano is a blockchain that is currently widely adopted due to its speed, low-cost transactions, and scalability. Hoskinson has been an advocate for favorable regulation for the cryptocurrency industry for years. This prompted him to visit Washington to lobby regulators to develop regulations suitable for the industry.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.