Cardano’s Hoskinson Wants Brian Armstrong for US Crypto-Czar
The cryptocurrency industry is rife with speculation about the White House appointing a potential “crypto czar.” President-elect Donald Trump is considering creating an advisory role to guide federal policy on blockchain and digital assets.
Ethereum co-founder and Cardano founder Charles Hoskinson proposed Coinbase CEO Brian Armstrong as the ideal candidate for the position. The proposal sparked heated debate within the crypto community.
Brian Armstrong: Hoskinson’s vision for a cryptocurrency czar
In a post on X (formerly Twitter), Hoskinson stressed the importance of appointing a neutral and knowledgeable person to the position. He highlighted Armstrong’s leadership role at Coinbase, the largest U.S. cryptocurrency exchange. Among other things, this demonstrates his ability to address regulatory challenges and foster innovation.
“Regarding the idea of a White House crypto czar, I think that role needs to be filled by someone who is neutral, works with all protocols, and has a deep understanding of the peculiarities of cryptocurrencies,” Hoskinson wrote.
Cardano executive criticizes current administration under President Joe Biden its regulatory stance. He accused them of “unfair tactics” and “Regulation through law enforcement“.
Hoskinson believes Armstrong can unite the cryptocurrency industry and lead legislative efforts to modernize the U.S. regulatory framework for digital assets.
He also shared his plans to directly assist lawmakers, leveraging his experience helping Wyoming pass 31 cryptocurrency-friendly laws. Hoskinson announced “Operation Baseline,” an initiative of IOHK’s policy arm to identify inefficiencies and opportunities in the U.S. cryptocurrency industry.
Community reaction: support and criticism
Hoskinson’s endorsement of Armstrong drew mixed reactions. X user Maxime expressed concerns about Armstrong’s association with centralized entities.
“I personally don’t like this shift because Brian is pushing for centralization across the board in crypto. Whether that’s technically through Base or through custody of pension funds like BlackRock,” Maxime debate.
The criticism reflects broader concerns about Coinbase’s growing influence. Some are concerned about the consistency of its business model with traditional financial (TradFi) institutions.
However, other voices in the crypto community believe Armstrong is a pragmatic choice. Another commenter by X, Ed n’ Stuff, supports this idea.
“It’s important that the crypto czar is not seen as partisan so everyone buys in (without favoring any chain/ecosystem). It makes sense that one major CEX founder is involved in everything, “The user joke.
This sentiment highlights Armstrong’s potential to attract diverse stakeholders in the cryptocurrency space. In addition to Coinbase’s Armstrong, another potential candidate could be Brian Brooks, Former Binance US CEO. Brooks also served as Coinbase CLO.
Brooks has extensive experience working on the cryptocurrency and TradFi overlap, making him a strong contender. His tenure in the U.S. Office of the Comptroller of the Currency (OCC) It is marked by moves to integrate digital assets into banking systems. These achievements, among other achievements, have earned him respect throughout the industry.
Both Armstrong and Brooks have unique strengths. Armstrong’s experience as a pioneer in the cryptocurrency trading space has given him a deep understanding of the market. At the same time, Brooks’ regulatory expertise allows him to serve as a bridge between policymakers and the cryptocurrency industry.
despite this, Trump considers appointing dedicated cryptocurrency adviser Reflecting the growing importance of digital assets in the global economy. Hoskinson believes that this move provides a unique opportunity for the United States to position itself as a global leader in blockchain innovation. He called on the industry to unite and achieve a common vision.
“The president’s goal is to make the United States the best place in the world to start and operate cryptocurrency and blockchain businesses,” Hoskinson said.
It remains to be seen whether more candidates will join the race for a White House crypto czar. Nonetheless, the debate reflects the challenge of balancing innovation and regulation. While Armstrong’s selection signals a commitment to industry growth, it also raises questions about the role of centralization in a space rooted in decentralization.
The final appointment is expected to help shape the trajectory of U.S. cryptocurrency policy in the coming years. Whether it’s Armstrong, Brooks or another candidate, the decision will reflect how the next administration plans to address the complexities of the crypto-economy while promoting innovation.
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