Cardano is a rocket in crypto space, says EU lawmaker

A lawmaker from the European Union (EU) appreciated the popular Ethereum rival Proof-of-stake (Pos) blockchain network, Cardano.

Cardano is a popular Proof-of-stake consensus-based blockchain network in the crypto Industry. Charles Hoskinson is the founder of this blockchain project and Cardano founder is also one of the founders of the second biggest crypto project “Ethereum”.

On 25 October, Frederick Gregaard, CEO of the Cardano foundation, said that he had a conversation with Stefan Berger, a member of the Christian Democratic Union (CDU), and talked about the ongoing regulatory development works by the Markes In Crypto (MiCA) & the efforts of Cardano project to support the ongoing regulatory efforts in the EU.

“It was a real pleasure to visit @Europarl_EN today to exchange views with @DrStefanBerger MEP – he is a passionate and engaged policymaker who asked smart questions about #Cardano and is committed to supporting the development of blockchain applications across the EU,” Frederik said.

Dr. Stefen also quoted the tweet of the Cardano foundation CEO and said that it was really a great meeting and also appreciated Cardano (ADA) as a skyrocket project in crypto space.

Such types of meetings by Cardano project team members with the government officials will surely bring huge confidence among the ADA coin traders.

ADA Coin

ADA is the native token of the Cardano blockchain and the price of this coin, at the time of writing this article, is $0.403 and this price is 13.8% high over the last 7 days of trade price.

Read also: Kazakhstan testing national CBDC on BNB chain