Cardano’s Charles Hoskinson may become the crypto advisor to President Donald Trump when he assumes office. Stake Pool Operator (SPO) Rick McCracken kickstarted the discussion on X on what to expect in crypto under the Trump-Vance administration. The conversation veered toward the nomination of Hoskinson as a crypto Advisor owing to his contributions in the industry.
Donald Trump Administration And Crypto Leaning
As a Republican Presidential candidate, Donald Trump defeated Kamala Harris in the 2024 US elections. As expected the news sparked some optimism in the crypto market owing to the number of promises that Trump made to the community during his campaign. One such promise is to oust the Gary Gensler as the Chairman of the Securities and Exchange Commission (SEC).
With the result of the election now in his favor, several entities are beginning to speculate on what will be regulators potential stance towards crypto going forward. McCracken hopes that the incoming administration will appoint Charles Hoskinson as a crypto policy advisor. McCracken believes in Hoskinson’s capacity to take the crypto landscape in the US to greater heights.
He touted Hoskinson as a candidate qualified to take the position. Furthermore, he hinted at the recent Chang Hard Fork upgrade, citing that Charles Hoskinson has a lot of time in his hands since he has handed Cardano to the community. President of Input Output Hong Kong Tamara Haasen is also positive that Hoskinson may be offered the position.
There’s a high likelihood they will. Would be a wise decision –
— tamara haasen (@TamaraHaasen) November 8, 2024
Charles Hoskinson Met With Argentine President Javier Milei
While no official information has surfaced over the matter, it is worth recalling that Hoskinson had a meetup with Javier Milei, Argentina’s President in September. At the time, the broader crypto community wondered the reason for the meeting. It was only hinted that the Cardano founder had integrating digital solutions to carry out in Argentina.
On one hand, Javier Milei and Elon Musk, a core supporter of the Donald Trump Campaign, share a close bond. This may therefore influence Hoskinson’s chance of becoming the crypto advisor. However, its worth noting that David Bailey, the CEO of Bitcoin Magazine and convener of the popular Bitcoin Conference 2024 also have a direct close ties to the Trump campaign.
While all these are speculative, Charles Hoskinson and David Bailey are Hence, Hoskinson may have Bailey as his biggest rival.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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