Cardano Founder Endorses Coinbase’s Brian Armstrong For White House Crypto Role

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As a seasoned researcher with extensive experience in the cryptocurrency realm, I find Charles Hoskinson’s endorsement of Brian Armstrong for the White House crypto role intriguing and potentially beneficial for the industry as a whole. Having closely followed the evolution of both Cardano and Coinbase, I can see the merits in Hoskinson’s choice.

According to reports, Charles Hoskinson, the founder of Cardano, has expressed his support for Brian Armstrong as a potential candidate for a White House position on cryptocurrency, which Donald Trump is said to be considering. Hoskinson believes that among all candidates in the crypto industry, Armstrong stands out as the most suitable choice for this role.

Cardano Founder Endorses Brian Armstrong For White House Crypto Role

In a recent post on X, Charles Hoskinson voiced his support for the Coinbase CEO as a potential fit for the White House cryptocurrency position. He expressed the belief that this role should be occupied by someone impartial who is well-versed in various protocols and truly appreciates the unique qualities of cryptocurrencies. Additionally, he suggested that an ideal candidate should also have a comprehensive understanding of the errors committed by the current U.S. government under President Biden.

According to Hoskinson, he considers the CEO of Coinbase as the outstanding choice for this role within the cryptocurrency industry. He went on to say that Coinbase has become a significant player in the crypto world. Moreover, he noted that Coinbase has faced unjust regulatory tactics from the U.S. Securities and Exchange Commission (SEC), as demonstrated by their ongoing legal dispute with the SEC.

Based on his experience as a leader during Coinbase’s significant accomplishments, Charles Hoskinson feels that Brian Armstrong would be an appropriate advisor for Donald Trump’s administration regarding the future of the cryptocurrency sector. The creator of Cardano is convinced that Armstrong could create a unified group to bring the industry together and encourage the government to take meaningful actions, such as enacting new legislation.

According to a Bloomberg report, a potential new position for a White House advisor on cryptocurrency, which would be the first of its kind, was suggested by Hoskinson following discussions about Donald Trump’s possible intentions. The President-elect has been reportedly conversing with key figures in the crypto industry regarding suitable candidates for this role, and his team is currently evaluating potential picks for the position.

Hoskinson Doing His Part

In a recent update, the creator of Cardano emphasized his contributions to the advancement of the cryptocurrency sector. He stated that he is currently engaged in interactions with the US Congress to encourage legislative changes aimed at eliminating existing government abuses and paving the way for traditional institutions to embrace cryptocurrencies more readily.

The creator of Cardano shared that he is headed to Washington for official meetings and consultations with various legislators. He also mentioned initiating a project, codenamed ‘Operation Baseline,’ under Input Output (IO) Policy in January 2025. This initiative aims to assess the U.S. cryptocurrency sector to pinpoint inefficiencies, misuses, and overlooked opportunities.

Charles Hoksinson emphasized the necessity of sharing this information with the newly appointed White House cryptocurrency advisor and legislators, ensuring that the policy is built on well-defined business needs.

Additionally, Trump expressed his ambition for the U.S. to become a leading hub in cryptocurrency, encouraging key figures in the industry to collaborate towards this goal. Similarly, Hoskinson aims to build partnerships with influential leaders, having recently engaged in discussions about Cardano’s Midnight Protocol and related XRP matters with Ripple‘s Chief Technology Officer, David Schwartz.

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2024-11-20 23:38