In a groundbreaking move, Charles Hoskinson, the founder of Cardano ($ADA ), has joined the conversation following reports that Donald Trump’s team is planning to introduce a special role for cryptocurrency policy in the White House. Hoskinson, a prominent figure in the blockchain world, supports the creation of the role of “Head of Crypto” and has nominated Coinbase CEO Brian Armstrong as his preferred candidate.
Hoskinson's Vision for the Role
Hoskinson emphasized the importance of neutrality and expertise in the new position, stating that it should be filled by someone capable of collaborating with all protocols and understanding the true value of cryptocurrency. He pointed out that Armstrong's experience at Coinbase, a company that has been a pillar of the crypto community and has faced significant regulatory challenges, makes him the perfect fit for the job.
Hoskinson's Statement:
“The only candidate that stands out for this role in this industry is Brian Armstrong. Coinbase has been a pillar of crypto and has fought against government-enforced regulation,” Hoskinson said in his public statement.
Hoskinson’s Call for Legal Reform
Hoskinson is not only focused on the appointment of a “Crypto President” but also on fostering collaboration between the industry and the U.S. government. He revealed plans to fly to Washington D.C. to meet with lawmakers and to launch a new initiative aimed at improving the American cryptocurrency sector. This initiative, named “Operation Baseline,” will investigate the U.S. crypto industry and work to identify areas of waste, abuse, and missed opportunities.
A Major Turning Point for Crypto in the U.S.
Hoskinson sees the proposed role of “Head of Crypto” as a potential turning point for the cryptocurrency and blockchain industry in the U.S. His vision is to make America the best place in the world for crypto and blockchain technology. He believes that achieving this goal requires unity among all players in the industry.
Current Market Status:
Cardano ($ADA ) is currently trading at $0.972, showing a +23.77% increase in the past 24 hours, reflecting strong market sentiment around Hoskinson’s comments and the ongoing discussions about crypto policy.
Final Thoughts:
The crypto industry is at a crossroads, and Hoskinson’s bold support for Brian Armstrong and his upcoming efforts to reform crypto legislation could signal a major shift. As these discussions continue, all eyes are on the White House and whether the role of a “Crypto President” could soon become a reality.