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 proper pick for this role. Based on sources acquainted with the discussions, candidates are being vetted for what can be the primary crypto-specific role at such a high level within 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. Nonetheless, Hoskinson has made it clear that he doesn’t aspire to fill the role of “Crypto Czar” himself. As a substitute, he has publicly endorsed Brian Armstrong, the CEO of Coinbase, as the best candidate for the position.
“I feel the role must be crammed with someone who’s 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 within the industry for this role, noting that “Coinbase has grown into considered one of the pillars of crypto and has needed to endure the unfair tactics of a government committed to regulation through enforcement.”
Hoskinson believes that Armstrong could “construct a broad tent coalition to bring the industry together and help us get the federal government rallied behind real motion, including passing latest laws.” Somewhat than searching for 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 ceaselessly remove the abuses of the present 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 goals to survey the American crypto industry to discover areas of waste, abuse, and missed opportunities. “It’s essential that these get transmitted to the brand new Crypto Czar and the lawmakers in order that there are clear business requirements for policy,” he explained.
Hoskinson underscored the urgency of those efforts, stating that “the president’s goal is to make America the very best place on the earth to start out and run a cryptocurrency and blockchain business. We as an industry have to come back together to make that occur.” He added, “There aren’t any excuses anymore. The time has come to get this done in order that all of us can get back to work changing the world.”
At press time, ADA traded at $0.78.
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