When it comes to formulating policies and regulations for the cryptocurrency space, there is no better choice than appointing someone who has a great understanding of the ins and outs of digital assets. This is the conviction of Cardano founder Charles Hoskinson as he nominated Coinbase executive, Brian Armstrong, to be the “Crypto Czar” of the incoming US President Donald Trump’s administration.
Trump Eyes A Crypto Chief
US President-elect Trump has asked his transition team to study the possibility of creating a government role that will exclusively handle the crafting of policies for cryptocurrencies, as he takes steps to fulfill his campaign promise of making his administration more friendly to the crypto sector.
Reports said that the individual appointed to the said role will be responsible for liaising with Congress and regulatory authorities like the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to implement the stance of the President on digital assets.
With respect to the idea of a Crypto-Czar at the Whitehouse, I feel the role needs to be filled with someone who is neutral, works with all the protocols, and has a deep understanding of why crypto is special as well as what the US government under Biden has done wrong.
There…
— Charles Hoskinson (@IOHK_Charles) November 20, 2024
However, the specifics of what the position would be remains ambiguous at the moment. The position might be a senior-level staff role, or it could be a “crypto czar” with a broader role that oversees the government-wide policy on cryptocurrencies.
For his part, crypto founder Hoskinson believes that the proposed White House crypto expert
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Author: Christian Encila
