Trump's Crypto Team: Armstrong Endorsed for Key Role

President-elect Donald Trump's transition team is considering establishing a new White House role focused on cryptocurrency policy, which would be a first of its kind. Charles Hoskinson, founder of Cardano, has publicly endorsed Brian Armstrong, CEO of Coinbase, as a top candidate for the 'Crypto-Czar' position due to his leadership in navigating regulatory challenges. Hoskinson critiqued the current administration's regulatory approach and emphasized the need for a neutral figure who understands blockchain technology. Armstrong's experience is seen as crucial for building a coalition and influencing policy reform, aligning with Trump's campaign pledges for a more crypto-friendly administration. Hoskinson plans to continue his legislative efforts, proposing 'Operation Baseline' to survey the crypto landscape and propose policy improvements. The crypto community has expressed mixed reactions to Armstrong's potential appointment, with some suggesting alternative candidates like John Deaton.