President Donald Trump and his team inched closer to assembling a crypto council as promised to the digital industry and a new office at the White House.
This newly proposed post may also oversee Trump’s envisioned crypto council, an idea he floated during his campaign.
Crypto in the White House
Hoskinson endorsed Armstrong as a potential “Crypto-Czar” for the White House shortly after announcing his trip to the Capitol on X.
I know he could build a broad tent coalition to bring the industry together and help us get the government rallied behind real action including passing new laws.
For my part, having worked with the legislative branch in Wyoming to get 31 crypto laws passed, I’m focusing a ton of my efforts on the House and Senate to help facilitate the legislative effort that will forever remove the abuses of the current federal government and open the floodgates for the legacy world to enter crypto.Charles Hoskinson, Cardano founder
Rapid exits and Trump’s aces
A more crypto-friendly regulatory environment environment has begun to take shape following significant donation spending from the decentralized technology industry. Trump’s team is reportedly considering several pro-blockchain officials for key regulatory positions, including the Securities and Exchange Commission and the Manhattan U.S. Attorney’s Office in the Southern District of New York.