Newly elected President Donald Trump’s transition team is reportedly considering the creation of a special position in the White House to oversee crypto policy, and Cardano founder Charles Hoskinson has suggested who he believes is the perfect choice for the 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 introduces Brian Armstrong
In recent weeks, Hoskinson has made his position known intention to work with the new government to shape a regulatory framework that promotes innovation and industry growth. However, Hoskinson has made it clear that he is not aiming to fill the role of ‘Crypto Czar’ himself. Instead, he did so publicly endorsed Brian Armstrong, the CEO of Coinbase, as the ideal candidate for the position.
“I believe the role should be filled by someone who is neutral, works across all protocols and has a deep understanding of why crypto is special,” Hoskinson said on X. He emphasized that Armstrong stands out in the industry for this role, and noted that “Coinbase has become one of the pillars of crypto and has had to endure the unfair tactics of a government committed to regulation through enforcement.”
Hoskinson believes Armstrong could “build a broad tent coalition to bring the industry together and help us get the government behind real action, including passing new laws.” Rather than seeking the position himself, Hoskinson focuses his efforts on influencing policy from the legislature.
“After working with the legislature in Wyoming To get 31 crypto bills passed, I am focusing much 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 traditional 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 examine the US crypto industry to identify areas of waste, abuse and missed opportunities. “It is important that these are passed on to the new Crypto Czar and legislators 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 a sector must work together to make that possible.” He added: “There are no more excuses. The time has come to get this done, so we can all get back to working to change the world.”
At the time of writing, ADA was trading at $0.78.
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