Charles Hoskinson Supports Brian Armstrong for a White House Crypto Role

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Charles Hoskinson, the founder of Cardano , expressed his support for Coinbase CEO Brian Armstrong regarding a potential role in Donald Trump’s White House crypto strategy. Hoskinson emphasized that Armstrong is the only prominent candidate for this position within the cryptocurrency industry.

Reasons Behind Hoskinson’s Support

In a statement on the X platform, Hoskinson stressed the need for a neutral individual to fill this role, someone capable of working with all protocols and possessing a profound understanding of what makes cryptocurrency unique. He added that the ideal candidate should also comprehend the mistakes made by the Biden administration in relation to the U.S. government.

The Cardano founder highlighted that Coinbase has become one of the cornerstones of the crypto world. He also noted Coinbase’s resistance to the unfair tactics of the U.S. SEC regarding regulations. Hoskinson stated that under Armstrong’s leadership, Coinbase has made significant contributions to the cryptocurrency industry.

Hoskinson’s Contributions

Hoskinson mentioned his focus on collaborating with the U.S. Congress to eliminate abuses of the current federal government through legislative efforts aimed at advancing the crypto industry. He announced plans to start formally meeting with several lawmakers in Washington and to launch a project called ‘Operation Baseline’ in January 2025.

He asserted the importance of relaying this information to the new White House crypto advisor and legislators, emphasizing Trump’s goal of making the U.S. the crypto capital. Additionally, he aims to strengthen his connections with industry leaders by discussing issues related to Cardano’s Midnight Protocol and XRP with Ripple CTO David Schwartz.

These remarks followed a Bloomberg report indicating that Donald Trump is considering establishing a crypto role within the White House for the first time. The presidential candidate reportedly held discussions with industry leaders about potential candidates for this position.

Hoskinson’s initiative reflects efforts for the cryptocurrency industry to work more harmoniously with the government and ensure fairer regulatory practices. Evaluations regarding the future of the crypto sector offer significant insights into how industry leaders can influence government policies.

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