Charles Hoskinson Endorses Brian Armstrong for Crypto Policy Role
Cardano founder Charles Hoskinson has proposed Coinbase CEO Brian Armstrong as a top candidate for the proposed crypto policy role in Donald Trump’s potential second administration. Hoskinson outlined key qualifications for the role, emphasizing neutrality, collaboration across protocols, and a firm grasp of crypto’s unique value. He also criticized the current administration’s regulatory missteps in the sector.
Why Brian Armstrong?
- Leadership at Coinbase, the largest crypto exchange in the US
- Pioneer in publicly traded crypto companies
- Resilience in navigating government regulatory challenges
- Ability to unite the industry and spearhead legislative progress
“Coinbase has grown into one of the pillars of crypto and has had to endure the unfair tactics of a government committed to regulation through enforcement. I know [Armstrong] could build a broad tent coalition to bring the industry together and help us get the government rallied behind real action including passing new laws.”
Despite Hoskinson’s endorsement, other members of the crypto community have suggested different candidates for the role, such as pro-XRP attorney John Deaton.
Driving Crypto Legislation
In addition to endorsing Armstrong, Hoskinson detailed his plans to support legislative efforts for the crypto industry. Drawing from his experience in Wyoming, where he contributed to passing 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 to survey the US crypto landscape, identify inefficiencies, and propose actionable policies. He plans to share these findings with lawmakers and the potential new Crypto-Czar to ensure clear objectives for regulatory reforms.
“The president’s goal is to make America the best place in the world to start and run a cryptocurrency and blockchain business. We as an industry have to come together to make that happen.”
