Charles Hoskinson, the founder of Cardano, isn’t vying for the rumored new “Crypto Czar” position in the US government. Instead, he’s publicly backing someone else for the job.
Hoskinson’s Choice: Brian Armstrong
Hoskinson believes Brian Armstrong, CEO of Coinbase, is the ideal candidate. He highlighted Armstrong’s neutrality, broad industry knowledge, and Coinbase’s experience navigating challenging regulations. Hoskinson thinks Armstrong is uniquely positioned to unite the crypto industry and work with the government to create effective policies.
Focusing on Legislative Action
Rather than seeking a government role himself, Hoskinson is concentrating his efforts on influencing policy through the legislative branch. He points to his success in Wyoming, where he helped pass 31 crypto-related laws.
Operation Baseline: Surveying the US Crypto Industry
To further his goals, Hoskinson announced “Operation Baseline,” a project aimed at assessing the US crypto industry. This initiative will identify areas for improvement and help inform policymakers. The findings will be shared with the future “Crypto Czar” and lawmakers to guide policy decisions.
The Urgency of Action
Hoskinson stressed the importance of swift action to make the US the global leader in crypto and blockchain. He believes the industry needs to collaborate to achieve this goal. He emphasized that the time for action is now, so the industry can focus on innovation.
(Note: The price of ADA at the time of writing is not included as it’s considered irrelevant to the main topic.)
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