Charles Hoskinson, the co-founder of Cardano, has expressed his support for Brian Armstrong to take on the role of “Crypto-Czar” in the White House. In a recent statement, Hoskinson praised Armstrong’s leadership skills and experience in the crypto industry, stating that he believes Armstrong would be a strong advocate for the industry in the White House.
Hoskinson’s endorsement comes at a time when the crypto industry is facing increased scrutiny from regulators and policymakers. As the CEO of Coinbase, one of the largest cryptocurrency exchanges in the world, Armstrong has been a vocal advocate for clear and fair regulations that will allow the industry to thrive while protecting consumers.
If appointed as “Crypto-Czar,” Armstrong would be responsible for advising the White House on matters related to cryptocurrency and blockchain technology. His experience in the industry and his track record of advocating for sensible regulations make him a strong candidate for the position.
Hoskinson’s support for Armstrong highlights the growing importance of the crypto industry in the eyes of policymakers. As governments around the world grapple with how to regulate this emerging technology, having a knowledgeable and experienced advocate like Armstrong in a key position in the White House could help shape policies that will benefit both the industry and consumers.