He revealed his political plans for 2025 in an X livestream. The Cardano founder had initially endorsed Robert F. Kennedy Jr., who is now part of Trump’s administration.

Cardano’s ADA token rose 20%, hitting a seven-month high of $0.52, fueled by growing market confidence and Hoskinson’s role in shaping U.S. crypto policy.

Cardano’s ADA tokens surged 33% in the past 24 hours, outperforming bitcoin and other majors, as founder Charles Hoskinson revealed plans to help shape U.S. crypto policy under the Trump administration — boosting speculative bets on the token.

Cardano price hit a 5-month peak of $0.58 on Nov 10, up 105% in 7-days as retail traders bet on expectations of fairer crypto regulations under Trump.

Cardano founder Charles Hoskinson explained he is going to be “spending quite a bit of time” working with lawmakers in Washington DC to “help foster and facilitate” crypto policies.

Cardano's ADA token surged as a top chief to Cardano founder Charles Hoskinson said there's a "high likelihood" he could become Trump's crypto advisor. Plus, France's gambling regulator is examining the operations of Polymarket and WonderFi's CEO has been released after being abducted.