Charles Hoskinson, founder of Cardano, has endorsed Brian Armstrong, CEO of Coinbase, for a new White House crypto advisory role that Donald Trump is reportedly considering.
Hoskinson praised Armstrong for his neutral stance, extensive knowledge of the crypto space, and ability to work with all blockchain protocols.
He believes Armstrong is well-suited to help address the shortcomings of the current U.S. administration’s approach to crypto regulation.
Hoskinson highlighted Armstrong’s leadership at Coinbase, a major crypto exchange, and his ability to navigate regulatory challenges, particularly the ongoing legal battles with the U.S. SEC. He believes Armstrong could unite the industry and guide the Trump administration on creating pro-crypto policies, including new laws.
This support follows reports that Trump is considering establishing a White House crypto role, with industry leaders already being vetted for the position. Hoskinson also shared his own efforts to push the crypto industry forward, announcing plans to collaborate with U.S. lawmakers on new legislative initiatives and to launch “Operation Baseline” in 2025.
This project aims to assess the U.S. crypto industry to identify opportunities for growth and help shape clearer policies that position the U.S. as a global crypto leader.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.