Charles Hoskinson proposes Brian Armstrong as a neutral “Crypto-Czar” to unify the industry and tackle regulatory challenges.
Operation Baseline aims to identify inefficiencies and inform crypto policies under the upcoming U.S. administration in 2025.
Hoskinson’s Wyoming success with 31 crypto laws highlights his expertise in driving regulatory reforms and blockchain innovation.
Cardano founder Charles Hoskinson has reaffirmed his commitment to shaping the future of cryptocurrency policy in the United States. Following President-elect Donald Trump’s reported meeting with Coinbase CEO Brian Armstrong regarding potential personnel appointments, Hoskinson announced plans to collaborate closely with lawmakers.
He emphasized the importance of clear and constructive regulations to remove current ambiguities and foster growth in the crypto industry. Hoskinson revealed that he will dedicate significant time in Washington, D.C., to advance legislative efforts and support industry development.
https://twitter.com/IOHK_Charles/status/1859312190219862175
Hoskinson Calls for a Neutral Crypto Leader
Hoskinson expressed his views on the need for a balanced approach to cryptocurrency governance. He emphasized the importance of a “Crypto-Czar” who understands the unique aspects of digital assets while addressing regulatory shortcomings under the current administration. Highlighting Brian Armstrong’s experience leading Coinbase through challenging regulatory environments, Hoskinson suggested Armstrong as a standout candidate for this role.
According to Hoskinson, Armstrong has demonstrated the ability to build broad coalitions, which he believes are crucial for uniting the industry and ensuring comprehensive legislative action. The proposed approach would involve cooperation between key stakeholders and the incoming administration to make the United States a global leader in blockchain and cryptocurrency business development.
Operation Baseline to Launch in 2025
In line with his advocacy for improved regulations, Hoskinson announced a new initiative called Operation Baseline. Set to launch in January 2025 through IO Policy, the project aims to identify inefficiencies, abuses, and untapped opportunities within the American cryptocurrency sector. He plans to share these findings with lawmakers and the future “Crypto-Czar” to develop actionable policy recommendations.
Hoskinson also highlighted his past success in Wyoming, where he contributed to the passage of 31 cryptocurrency laws. His experience with state-level legislation, coupled with his scientific approach to blockchain, underscores his dedication to promoting innovation while ensuring security and compliance.
Focus Shifts to Legislative Collaboration
Hoskinson’s efforts reflect a larger strategy to engage with lawmakers and industry leaders. By focusing on collaboration, he aims to address existing regulatory challenges and create a foundation for long-term industry growth. These developments mark a pivotal moment as the cryptocurrency community looks to 2025 for meaningful change.
