Charles Hoskinson Working With US Officials To Settle Crypto Security vs. Commodity Debate

• The U.S. SEC could pause or pull back from several crypto lawsuits under a pro-crypto Chairman.
• Charles Hoskinson would like to see the FIT21 bill adopted by the Senate.
• Elon Musk’s DOGE recently announced that it will be probing the SEC.

Cardano (ADA) founder Charles Hoskinson has said that he is working with lawmakers and regulators to establish clear legislation to differentiate crypto securities and commodities, as well as create a “proper definition of decentralization.”

Hoskinson on Crypto Clarity

Speaking in an Ask ME Anything (AMA) with the Japanese Cardano Community, Hoskinson discussed the future of Cardano, the upcoming launch of Midnight, and the future of U.S. crypto regulations.

In the conversation, Hoskinson reveals that he’s been speaking and advising particular government entities on an advisory basis, however now it’s time to work “a little more closely” with legislators.

According to Hoskinson, the U.S. Securities and Exchange Commission (SEC) was the source of almost all lawsuits against crypto last year, and legislation needs to be done right. Noting the FIT21 bill , he states:

“There’s one law in particular that we have to get right which is the new FIT21. FIT21 was passed by the House last year and it’s a prototype regulatory framework for asset classification is it a security or is it a commodity?”

He explains that “we’re going to work really really really hard” to get the job done.

Hoskinson said this includes speaking before the Senate, and working alongside lawmakers to “get that done” at the executive level.

More to Do

Hoskinson urged Donald Trump to expand the crypto working group to include the Defense Advanced Research Projects Agency (DARPA) and other agencies.

According to him, this is because the academic and standards communities “have not been included in this process.”

He explains that a huge portion of crypto rests on its tireless research and scientific funding to continue growing. He cites competition from China’s DeepSeek as a reason to do so.

Hoskinson seemed pleased when Elon Musk’s Department of Government Efficiency (DOGE) announced its intentions to audit the SEC. He and many other industry heavyweights are excited to see what the probe will unearth.

This includes Ripple’s Chief Legal Officer, Stuart Alderoty, backing his Coinbase counterpart Paul Grewal in his demand for the regulator to pay legal expenses in cases it lost.

Alderoty stated : “I have the receipts,” implying he has evidence implicating the SEC.