The Trump administration is exploring the creation of a dedicated cryptocurrency policy position at the White House. This initiative marks a significant step towards developing coherent crypto policies in the U.S.
Charles Hoskinson, the founder of Cardano, has publicly endorsed Brian Armstrong, the CEO of Coinbase, for this unprecedented role. Armstrong is recognized for his extensive experience and leadership in the crypto space.
President Trump has expressed a commitment to implementing pro-crypto reforms and plans to replace the current SEC Chair, Gary Gensler, with a more crypto-friendly figure. This indicates a shift towards more favorable regulatory environments for cryptocurrencies in the U.S.
Leading figures in the crypto industry are slated to convene at Mar-a-Lago, President Trump’s Florida estate, to deliberate on the establishment of this policy position. This gathering underscores the growing importance and influence of cryptocurrency in political and economic discussions.
Charles Hoskinson has also announced his intentions to advise lawmakers on cryptocurrency-related issues, suggesting that industry experts are ready to offer guidance to ensure informed policymaking.
