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HomeCrypto NewsMarketShiba Inu Lead Taunts Cardano Founder After Hoskinson Announces He Would Work With US Government on Crypto

Shiba Inu Lead Taunts Cardano Founder After Hoskinson Announces He Would Work With US Government on Crypto

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Shiba Inu lead Shytoshi Kusama has taken a series of swipes at Cardano founder Charles Hoskinson after he announced he would work with the US government to facilitate the crypto policy.

The Cardano founder made headlines over the weekend following his return from his “off the grid” period. This time, it was not another X spat or his notorious Cardano defense speech but a development that has been bullish for Cardano.

Cardano Founder to Work With Trump on Crypto

Hoskinson announced in a November 9 podcast that he would spend most of next year working with the Trump administration to establish clear regulations for the crypto industry. He noted he would do so with a few other industry leaders.

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The Cardano founder further revealed that Input-Output Global (IOG) would set up a policy office and hopes to begin collaborating with the US government by January. He noted that the intended office would help hybridize many pro-crypto bills, including the Financial Innovation Technology 21 (FIT21) and the Lummis-Gillibrand Responsible Financial Innovation Act (RFIA).

Notably, Hoskinson stated that the collaboration was yet to be fully decided, citing that Trump is yet to take power after his bullish November 5 election win. However, he expressed optimism that he would be a part of the crypto policy team, as he has “personal friendships with certain lawmakers” who are on Trump’s transition team.

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Shiba Inu Lead Taunts Hoskinson

Meanwhile, Hoskinson’s disclosure spiked ADA’s price, which jumped over 40% in 24 hours to a 7-month high of over 60 cents. However, it attracted taunts from Shiba Inu’s lead, Shytoshi Kusama, who pointed out a few things from the announcement.

In an X post, the pseudonymous lead first reacted with, “Seriously?!!!!,” accompanied by a GIF. Kusama further stated that he just understood Hoskinson’s “wordings,” which was why Hoskinson announced the alleged collaboration and not Trump’s administration.

 

Furthermore, the Shiba Inu lead insisted that he would never announce work for any government in the world without their official confirmation. He stated “loud and clear” that the government must also announce the partnership.

 

Meanwhile, Hoskinson’s post has steered cheers and applause from the crypto community, which has lauded his commitment to moving the digital asset industry forward. For instance, a user stated that the founder has finally been recognized as a brilliant mind that would contribute meaningfully to the US government.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Elendu Benedict
Elendu Benedict
Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

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