Cardano founder Charles Hoskinson has endorsed Coinbase CEO Brian Armstrong for the White House crypto position in Trump’s administration.
Cardano founder Charles Hoskinson has publicly endorsed Coinbase CEO Brian Armstrong for a potential crypto advisory role in the White House under President Donald Trump.
Hoskinson shared his support via a post on X, outlining why he believes Armstrong is uniquely qualified for the position.
Why Hoskinson Supports Armstrong
Hoskinson emphasized that the role requires someone neutral, knowledgeable about the nuances of cryptocurrency, and aware of the missteps by the Biden Administration regarding crypto regulation. He stated:
“The role needs to be filled with someone neutral who works with all the protocols and deeply understands why crypto is special. [They] also need to understand what the US government under Biden has done wrong.”
According to Hoskinson, Armstrong stands out as the only candidate in the crypto industry who fits this description.
He noted that Coinbase has become a foundational institution in the crypto space, enduring challenges such as the SEC’s legal battle against it.
Citing Armstrong’s leadership during Coinbase’s growth and challenges, Hoskinson expressed confidence that he is the right person to guide the Trump administration on crypto policy.
He believes Armstrong could unite the industry and lead efforts to implement meaningful actions, including crafting new laws.
Hoskinson’s endorsement comes amid reports from Bloomberg that President-Elect Trump is considering establishing the first-ever White House crypto advisory position.
Trump’s team is reportedly consulting with industry leaders and vetting candidates for the role.
Hoskinson’s Contributions to Crypto Advocacy
In the same post, Hoskinson detailed his own efforts to advance the crypto industry. He highlighted his focus on legislative efforts to counter past federal government abuses and create a regulatory framework encouraging mainstream crypto adoption.
He shared plans to travel to Washington, D.C., to meet with lawmakers and formally advise them on crypto policy.
Additionally, Hoskinson announced a new initiative, Operation Baseline, set to launch in January 2025 through Input Output (IO) Policy.
This project aims to survey the U.S. crypto industry to identify inefficiencies, abuses, and missed opportunities, providing actionable insights for the incoming crypto advisor and legislators.
Hoskinson stressed the importance of unity within the industry to achieve Trump’s goal of making the U.S. the global leader in cryptocurrency.
He also revealed recent discussions with Ripple CTO David Schwartz, covering topics such as Cardano’s Midnight Protocol and XRP-related developments.
