Cardano (ADA) has been making headlines with its impressive surge in price, outpacing Bitcoin’s (BTC) post-election performance, according to a recent segment on Bloomberg’s China Show. While Bitcoin has enjoyed a notable 46%-47% increase since the U.S. election, Cardano has emerged as the standout performer, with ADA soaring nearly 100% in the same period.

Cardano’s Post-Election Surge

Since the U.S. election, which saw the victory of pro-crypto President Donald Trump, Cardano’s price has experienced substantial growth. ADA was trading around $0.35 on election day, but it has since rallied to $0.8466, marking a dramatic rise. This performance has far outstripped Bitcoin, which, despite its strong gains, has not seen as significant a percentage increase as Cardano.

Yvonne Man, co-host of Bloomberg’s China Show, pointed out that ADA’s surge has been a standout story in the post-election crypto landscape. While Bitcoin captured much of the spotlight following the election, it was Cardano’s substantial growth that caught the attention of many market observers.

Charles Hoskinson’s Engagement with U.S. Lawmakers

One of the key factors behind Cardano’s remarkable price performance is the increased visibility and influence of its founder, Charles Hoskinson. According to Man, Hoskinson’s recent engagement with U.S. lawmakers has played a significant role in ADA’s surge. The Cardano founder has been actively advocating for clearer regulations in the cryptocurrency space, particularly regarding the classification of cryptocurrencies like ADA.

In recent weeks, Hoskinson has been in discussions with U.S. lawmakers, seeking to advance the cause of a comprehensive crypto regulatory framework. This includes efforts to create a crypto commission that would oversee regulations for various aspects of the crypto market, including exchanges, stablecoins, and other digital assets. Hoskinson believes that having a dedicated regulatory body would help resolve ongoing debates about whether cryptocurrencies should be classified as securities or commodities—a critical issue for ADA, which faced scrutiny from the SEC in the past.

Hoskinson’s efforts have included lobbying for crypto-friendly policies and pushing for regulatory clarity, which could have a lasting positive impact on Cardano’s future. This is particularly important for ADA, which was labeled a security by the SEC last year but has yet to face a formal resolution on the matter.

Trump Administration’s Role in Crypto Regulation

In his discussions with Bloomberg, Hoskinson also touched on the Trump administration’s potential influence on crypto regulation. As Trump is set to take office, Hoskinson emphasized that one of the key areas of focus would be establishing a regulatory environment that fosters crypto innovation. Hoskinson mentioned that the administration’s support for crypto could be a significant boost for the industry.

Additionally, Hoskinson noted the possibility of SEC Chair Gary Gensler being replaced by a more crypto-friendly individual under a Trump administration. Hoskinson is optimistic that a new chairperson could shift the regulatory stance toward a more supportive framework for cryptocurrency development. He mentioned several individuals being considered for the role, including former SEC official Teressa Goody Guillen, Commissioner Hester Peirce, and Robinhood CLO Dan Gallagher, all of whom are seen as more aligned with the crypto industry.

Potential Ripple and Cardano Partnership

Hoskinson’s recent meetings with other key crypto figures, including Ripple executives Brad Garlinghouse and David Schwartz, have also fueled speculation about a potential partnership between Cardano and Ripple. The possibility of such a collaboration could be contributing to ADA’s recent price surge, adding further intrigue to its long-term prospects.

As of now, ADA is trading at $0.7819, having seen a slight decline of 0.31% over the past 24 hours. Despite this minor dip, Cardano’s recent surge and its growing influence within the U.S. political and regulatory landscape have placed it in a strong position for continued growth.

Conclusion

Cardano’s remarkable surge following the U.S. election and the subsequent involvement of Charles Hoskinson in regulatory discussions indicate a bright future for the asset. With efforts to shape crypto regulations in the U.S. and potential collaborations with major crypto players like Ripple, Cardano could continue to outperform its peers, including Bitcoin. If these trends persist, ADA could see even further growth, with the possibility of regulatory clarity acting as a catalyst for its next major price rally.