Cardano founder Charles Hoskinson has endorsed Coinbase CEO Brian Armstrong for the reported White House crypto role Donald Trump is considering. Hoskinson explained why he believes Armstrong is the “only one” candidate who stands out in the crypto industry for this role.
Cardano Founder Endorses Brian Armstrong For White House Crypto Role
In an X post, Charles Hoskinson endorsed Coinbase CEO for the White House crypto role. He stated that he feels the role needs to be filled with someone neutral who works with all the protocols and deeply understands why crypto is special. He added that the ideal candidate also needs to understand what the US government under Biden has done wrong.
In line with this, the Cardano founder remarked that the Coinbase CEO is the only candidate he believes stands out in this industry for this role. Hoskinson further mentioned that Coinbase has grown into one of the pillars of crypto. He added that the top crypto exchange has also endured the unfair tactics of a government committed to regulation through enforcement. This is in relation to the US SEC’s legal battle against Coinbase.
Having been at the helm of affairs while Coinbase has achieved all this, Charles Hoskinson believes that Brian Armstrong is the right person to advise Donald Trump’s administration on the right steps to take concerning the crypto industry moving forward. The Cardano founder is confident that the Coinbase CEO could build a broad tent coalition to bring the industry together and help get the government to rally behind real action, including new laws.
Hoskinson’s statement followed a Bloomberg report that Donald Trump is considering creating the first-ever White House crypto role. The President-Elect is reportedly already speaking with industry leaders about who can take up this role, and his team is already vetting potential candidates.
Hoskinson Doing His Part
In his post, the Cardano founder also highlighted his role in helping move the crypto industry forward. He said he is focusing on the US Congress to help facilitate legislative efforts that will forever remove the abuses of the current federal government and open the floodgates for the legacy world to enter crypto.
The Cardano founder further revealed that he is flying to Washington to begin formally meeting and advising several lawmakers. He added that he would kickstart a project in January 2025, out of the Input Output (IO) Policy called ‘Operation Baseline,’ to survey the US crypto industry to identify waste, abuse, and missed opportunities.
Charles Hoksinson highlighted the importance of transmitting this information to the new White House crypto advisor and lawmakers so that the policy has clear business requirements. He noted Trump’s goal to make the US the crypto capital and called on industry leaders to come together to make it happen. Hoskinson also looks to foster ties with industry leaders, as he recently discussed Cardano’s Midnight Protocol and XRP-related topics with Ripple Chief Technology Officer David Schwartz.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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By CoinGape
Source: CoinGape
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