As a seasoned researcher with a keen interest in blockchain technology and its regulatory landscape, I find the prospect of a dedicated White House position for crypto policy to be both intriguing and significant. Given my background, I can’t help but appreciate the wisdom in Charles Hoskinson’s choice for this role – Brian Armstrong, CEO of Coinbase.
The transition team of the newly elected President Donald Trump is reportedly contemplating establishing a unique White House position to manage cryptocurrency policy, and Charles Hoskinson, founder of Cardano, has proposed who he believes would be an ideal choice for this role. Sources close to the discussions claim that potential candidates are being scrutinized for a role which, if filled, would mark the first high-level crypto-focused position within the U.S. government, as per Bitcoinist‘s reports.
Cardano Founder Proposes Brian Armstrong
Over the last few weeks, Hoskinson has voiced his plans to work with the new government to create a regulatory environment that encourages innovation and expansion within the industry. Importantly, he’s made it clear that he doesn’t wish to hold the title of “Crypto Czar” himself. Instead, he has openly supported Brian Armstrong, the CEO of Coinbase, as the best choice for this role.
According to Hoskinson, he believes the position requires an individual who is impartial, adheres to all regulations, and possesses a profound grasp of why cryptocurrency is unique. On X, he highlighted Armstrong as the ideal candidate for this role, pointing out that Coinbase has become one of the cornerstones of the crypto world, surviving the underhanded strategies of a government intent on regulation by enforcement.
Charles Hoskinson envisions Armstrong assembling a wide coalition to unite the industry and garner support from the government for tangible actions, such as enacting new regulations. Instead of pursuing a leadership role himself, Hoskinson is channeling his energies into shaping policy within the legislative sector.
As a researcher deeply engaged in the Wyoming legislative process, I have successfully navigated the passage of 31 cryptocurrency laws. Now, my primary focus lies within the House and Senate, aiming to foster legislation that will dismantle the existing abuses within the federal government and create an inviting environment for traditional industries to embrace cryptocurrencies.
To advance this goal, Hoskinson unveiled intentions for “Project Baseline,” an initiative from his company IO Policy. This project intends to examine the U.S. cryptocurrency sector in order to pinpoint issues such as inefficiencies, misuse, and overlooked opportunities. He stated that it’s crucial to communicate these findings to the new Crypto Czar and legislators so they can understand the industry’s business needs and create clear policies accordingly.
Charles Hoskinson emphasized the immediate need for these endeavors, explaining that “the President aims to transform America into the ideal destination for launching and operating a cryptocurrency and blockchain enterprise. As an industry, it’s our responsibility to collaborate to achieve this goal.” He further stated, “There’s no room left for excuses. The time is ripe for us to act swiftly so we can all get back to innovating and shaping the world.
At press time, ADA traded at $0.78.
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2024-11-21 19:41