Cardano founder Charles Hoskinson has recommended coinbase CEO Brian Armstrong for the White House crypto position in Trump’s cabinet.
Image: Cardano founder Charles Hoskinson (Source: CCN.com
Highlights:
- Cardano founder Charles Hoskinson recommended Brian Armstrong for the White House crypto position because of his “neutral” stance.
- He clarified that the CEO of Coinbase is well-versed in cryptocurrency and is aware of the mistakes made by Biden’s administration.
- Hopkinson disclosed he will formally meet with US senators to provide them with guidance on regulations pertaining to cryptocurrency.
The appointment of a possible “Crypto-Czar” to the White House is the subject of intense discussion in the cryptocurrency industry. It comes as President-elect Donald Trump is thinking about establishing an advisory position to direct federal policy on digital assets and blockchain.
Cardano co-founder Charles Hoskinson suggested Coinbase CEO Brian Armstrong as the best person for the job. The crypto community engaged in a heated discussion about this proposition.
Reasons Behind Hoskinson’s Support
Image: Coinbase CEO Brian Armstrong (Source: CNBC
Hoskinson emphasized in a message on the X platform the necessity for an impartial person to take on this position, someone who can work with various protocols and has a thorough awareness of what makes cryptocurrencies special. The ideal candidate should also understand the Biden administration’s mistakes with the U.S. government, he continued.
With respect to the idea of a Crypto-Czar at the Whitehouse, I feel the role needs to be filled with someone who is neutral, works with all the protocols, and has a deep understanding of why crypto is special as well as what the US government under Biden has done wrong.
There…
— Charles Hoskinson (@IOHK_Charles) November 20, 2024
The founder of Cardano emphasized Coinbase has emerged as a key player in the cryptocurrency industry. He also mentioned Coinbase’s opposition to the US SEC’s unjust regulatory practices. According to Hoskinson, Coinbase has significantly impacted the cryptocurrency sector in Armstrong’s direction.
Armstrong’s leadership at Coinbase was commended by Hoskinson, who called the exchange “one pillar of crypto.” The exchange’s durability despite the “unfair tactics of a government committed to regulation through enforcement” was another point he made.
Hoskinson Provides Information About His Startup
Along with his support, Hoskinson said that his blockchain company, IO Policy, will launch a new project called “Operation Baseline.” The goal of the project, which is scheduled to start in January, is to find inefficiencies and lost opportunities in the US cryptocurrency market.
