Cardano (ADA) founder Charles Hoskinson has endorsed Coinbase CEO Brian Armstrong for the White House crypto role under consideration.
He believes Armstrong’s experience and neutrality make him uniquely qualified to guide U.S. crypto policy. The potential role, reportedly under Donald Trump’s consideration, aims to shape the nation’s approach to the crypto industry.
Charles Hoskinson Supports Brian Armstrong for Crypto Role
Charles Hoskinson pointed to Brian Armstrong’s leadership at Coinbase as sufficient proof that he is suitable for the proposed crypto advisory role.
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Armstrong has navigated through the exchange with plenty of challenges—first, the regulatory eyeball of the SEC.
Armstrong’s work, Hoskinson said, represents a deep technical understanding of crypto and the factors that make it successful.
Since Armstrong joined, Coinbase has become a pillar of the worldwide crypto eco framework, propelling general adoption.
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It has continued to strive for innovation and collaboration across the industry despite regulatory challenges. Hoskinson believes Armstrong’s track record qualifies him for the White House job.
He argued that Armstrong would achieve neutrality, a big deal in an industry where there are distinct divides between government and the private sector, which would help bridge divides within the industry, and he said that neutrality was important.
He said that Armstrong’s need to bring everyone to the table would help move U.S. crypto policy forward. Furthermore, he said industry growth must have this collaborative approach.
Trump Plans White House Role for Crypto Leadership
Donald Trump is reportedly considering creating a role in the White House to drive U.S. crypto leadership.
The role is meant to solve the problems posed by regulations and put the U.S. on the map as a global crypto hub.
Several industry leaders are being vetted for the role, but discussions are ongoing. Hoskinson’s endorsement would dovetail with the admin’s goals of crypto innovation and a degree of regulatory clarity.
Under Biden, government policy has, he said, slowed progress in the industry. With an experienced advisor in place, the Trump administration wants to unravel these trends and pass comprehensive policies.
Charles Hoskinson wants to work with lawmakers to create a new role that benefits the broader crypto community.
His next project, Operation Baseline, will examine the industry’s challenges and opportunities. This work will generate useful insights for the incoming advisor and policymakers.
Cardano Founder Pushes for Balanced Crypto Regulations
Hoskinson urged the industry to pool its forces behind the White House’s proposed crypto role and its goals. He argued that new policies are needed to fill current gaps in regulation and promote innovation.
He argued for a unified approach that would provide the industry with a robust framework for growth. The Cardano founder said they plan to advise lawmakers in Washington on crypto lawmaking.
He wants to craft policies that prevent regulatory overreach and attract private-sector engagement. He hopes to work with Congress to lay the groundwork for real change.
Disclaimer
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