President-elect Donald Trump’s transition team is reportedly considering the creation of a dedicated White House position to oversee crypto policy, and Cardano founder Charles Hoskinson has presented whom he thinks is the perfect pick for this role. According to sources familiar with the discussions, candidates are being vetted for what would be the first crypto-specific role at such a high level in the US government, as Bitcoinist reported.
Cardano Founder Proposes Brian Armstrong
Over past weeks, Hoskinson has expressed his intention to collaborate with the incoming administration to shape a regulatory framework that fosters innovation and industry growth. However, Hoskinson has made it clear that he does not aspire to fill the role of “Crypto Czar” himself. Instead, he has publicly endorsed Brian Armstrong, the CEO of Coinbase, as the ideal candidate for the position.
“I feel the role needs to be filled with someone who is neutral, works with all protocols, and has a deep understanding of why crypto is special,” Hoskinson stated on X . He emphasized that Armstrong stands out in the industry for this role, noting that “Coinbase has grown into one of the pillars of crypto and has had to endure the unfair tactics of a government committed to regulation through enforcement.”
Hoskinson believes that Armstrong could “build a broad tent coalition to bring the industry together and help us get the government rallied behind real action, including passing new laws.” Rather than seeking the position himself, Hoskinson is focusing his efforts on influencing policy from the legislative branch.
“Having worked with the legislative branch in Wyoming to get 31 crypto laws passed, I’m focusing a ton of my efforts on the House and Senate,” he said. His goal is to 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.”
To further this agenda, Hoskinson announced plans to launch “Operation Baseline,” a project under his company IO Policy. The initiative aims to survey the American crypto industry to identify areas of waste, abuse, and missed opportunities. “It’s important that these get transmitted to the new Crypto Czar and the lawmakers so that there are clear business requirements for policy,” he explained.
Hoskinson underscored the urgency of these efforts, stating that “the president’s goal is to make America the best place in the world to start and run a cryptocurrency and blockchain business. We as an industry have to come together to make that happen.” He added, “There are no excuses anymore. The time has come to get this done so that we all can get back to work changing the world.”
At press time, ADA traded at $0.78.
Featured image from YouTube, chart from TradingView.com
