Cardano (ADA) Soars 30% Daily as Founder Charles Hoskinson Makes Big Announcement

Cardano (ADA) has experienced a remarkable surge of 30% in just one day, reaching a multi-month high following a significant announcement from its founder, Charles Hoskinson. After a brief hiatus from social media, Hoskinson revealed his plans to engage with the Trump administration on regulatory matters concerning the cryptocurrency industry.

As a result of this news, ADA skyrocketed to nearly $0.6, recovering six months of losses in just five days.

"Cardano just gained back 6 months of losses in 5 days. Crypto is a game of patience."

In his first 40-minute video since returning, Hoskinson discussed his intentions to work closely with U.S. policymakers in 2025 to develop a more favorable regulatory framework for digital assets. He emphasized that the crypto policy should be shaped by the American people, the crypto industry, and lawmakers willing to engage in the conversation.

To facilitate these efforts, IOG will undergo internal changes, including restructuring personnel to create a dedicated office for crypto legislation.

The announcement sparked immediate interest, with ADA trading at $0.44 before quickly rising to nearly $0.6. Although it has slightly retraced since then, ADA remains up over 30% for the day and 70% compared to the previous week.