Charles Hoskinson, founder of Cardano, recently suggested Coinbase CEO Brian Armstrong as a top candidate for a proposed crypto policy role in Donald Trump’s potential second administration. In a post on X, Hoskinson outlined key qualifications for a “Crypto-Czar” and emphasized the importance of neutrality, collaboration across protocols, and a deep understanding of crypto’s unique value. He also criticized the current administration’s regulatory missteps in the sector, suggesting that Armstrong’s leadership at Coinbase makes him an ideal fit for the role.
Under Armstrong’s guidance, Coinbase has become the largest crypto exchange in the US and one of the first publicly traded crypto companies. Hoskinson praised Armstrong’s resilience in navigating regulatory challenges and noted his ability to unite the industry and spearhead legislative progress. He believes that Armstrong could build a broad coalition within the industry and help rally government support for passing new laws to benefit the crypto sector.
While Hoskinson endorsed Armstrong for the role, other members of the crypto community have suggested alternative candidates, such as pro-XRP attorney John Deaton. Regardless of the eventual appointee, Hoskinson detailed his plans to support legislative efforts for the crypto industry. Drawing from his experience in Wyoming, where he helped pass 31 crypto-focused laws, he aims to work closely with Congress to address federal overreach and establish regulations that attract traditional industries to blockchain.
In January, Hoskinson’s company Input Output’s Policy initiative will launch “Operation Baseline,” a project aimed at surveying the US crypto landscape, identifying inefficiencies, and proposing actionable policies. He plans to share these findings with lawmakers and the new Crypto-Czar to ensure clear objectives for regulatory reforms. Hoskinson stressed the importance of industry collaboration in making the US the leading hub for crypto and blockchain innovation, stating that the president’s goal is to make America the best place in the world to start and run a cryptocurrency business.
In conclusion, Charles Hoskinson’s endorsement of Coinbase CEO Brian Armstrong for a potential crypto policy role in Donald Trump’s second administration highlights the importance of strong leadership and collaboration within the crypto industry. While other candidates have been suggested, Hoskinson’s plans to support legislative efforts and work closely with Congress to address regulatory issues demonstrate his commitment to making the US a global leader in crypto and blockchain innovation. By advocating for clear objectives and industry collaboration, Hoskinson aims to ensure that the government supports the growth and success of the crypto sector in the future.
