On Tuesday (May 24), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, credited Davos 22 for inadvertently promoting blockchain technology and cryptocurrency.

Hoskinson was referring to concerns raised by some prominent members of the crypto community — such as Chinese-Canadian Bitcoin entrepreneur Samson Mow, who announced on April 8 that his new startup JAN3 is working on nation-state Bitcoin adoption (starting with El Salvador) — about certain comments made by speakers at Davos 2022, i.e. this year’s World Economic Forum (WEF) Annual Meeting in Davos, Switzerland.

For instance, Australia’s eSafety Commissioner Julie Inman Grant, talked about “recalibration” of certain human rights, such as “free speech”, while speaking on Monday (May 23) as part of a panel titled “Ushering in a Safer Digital Future”.

The IOG CEO also mentioned yesterday that he was attending the DC Blockchain Summit in Washington, DC. This is “a one-day, premiere gathering of the most influential people who are focused on public policy action for digital asset and blockchain innovations.”

One thing at DC Blockchain Summit 2022 that seems to have impressed Hoskinson is an upcoming crypto oversight bill currently being developed by U.S. Senators Lumis and Gillibrand.

As CoinDesk reported yesterday, “Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.), who are both speaking at Consensus 2022 in June, have been at work for months on the bipartisan legislation, which they said they expect to make public in June – an unveiling that has slipped later and later over recent months.”

Gillibrand said:

“We are truly committed to creating the type of baseline and framework legislation that will allow this industry to grow, allow it to flourish. The best thing we can do for all these businesses is to bring clarity.“

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.