Charles Hoskinson, founder of Cardano, has endorsed Coinbase CEO Brian Armstrong as the ideal candidate for a potential White House cryptocurrency advisory role under President-elect Donald Trump. Hoskinson cited Armstrong’s neutrality, deep crypto knowledge, and leadership in navigating challenges posed by the Biden administration’s regulatory approach.
Hoskinson’s Endorsement
In a social media post, Hoskinson emphasized that the role requires someone who can work across protocols and fully grasp crypto’s significance. He argued that Armstrong, as the head of Coinbase, meets these criteria due to his leadership in growing Coinbase into a cornerstone of the crypto ecosystem.
Hoskinson also pointed to Coinbase’s resilience in the face of regulatory challenges, including its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). He expressed confidence in Armstrong’s ability to unite the crypto industry and guide Trump’s administration toward constructive crypto policies.
Trump’s Vision for Crypto Leadership
Reports suggest that President-elect Trump is considering creating the first-ever White House role dedicated to cryptocurrency policy. His transition team is reportedly consulting industry leaders and vetting candidates for the position. Trump has publicly expressed a desire to position the United States as a global leader in the crypto sector.
Hoskinson’s Legislative Efforts
Beyond his endorsement, Hoskinson is actively engaging with lawmakers to shape crypto-friendly regulations. He announced plans to meet with U.S. Congress members to address current regulatory issues and propose solutions to unlock the industry’s potential.
Hoskinson revealed that starting January 2025, his organization, Input Output (IO), will launch “Operation Baseline,” a project to survey the U.S. crypto industry. The initiative aims to identify inefficiencies, abuses, and missed opportunities, providing actionable insights for the new administration and its crypto advisor.
A Call for Industry Unity
Hoskinson urged crypto leaders to collaborate in making the U.S. a global crypto hub. He also highlighted his ongoing efforts to foster partnerships, including recent discussions with Ripple CTO David Schwartz on blockchain technologies.
What’s Next?
As Trump’s administration prepares to assume office, the crypto industry is watching closely. The creation of a dedicated White House crypto role and the appointment of a leader like Brian Armstrong could mark a turning point in U.S. cryptocurrency policy, fostering innovation and global competitiveness in the sector.
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