Charles Hoskinson promoted as crypto advisor to Donald Trump

Cardano’s Charles Hoskinson could become President Donald Trump’s crypto advisor when he comes to power. Stake Pool Operator (SPO) Rick McCracken sparked the discussion on X about what to expect in crypto under the Trump-Vance administration. The conversation focused on Hoskinson’s appointment as a crypto advisor due to his contributions to the sector.

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 led to some optimism in the crypto market due to the number of promises Trump made to the community during his campaign. One of those promises is the removal of Gary Gensler as chairman of the Securities and Exchange Commission (SEC).

Now that the election outcome is in his favor, several entities are starting to speculate on what the regulators’ potential stance towards crypto will be in the future. McCracken hopes the new government will appoint Charles Hoskinson as a crypto policy adviser. McCracken believes in Hoskinson’s ability to take the US crypto landscape to greater heights.

He touted Hoskinson as a candidate qualified for the position. He further alluded to the recent Chang Hard Fork upgrade, citing that Charles Hoskinson has a lot of time on his hands since handing Cardano over to the community. President of Input Output Hong Kong Tamara Haasen is also positive that Hoskinson is being offered the position.

Chances are they will. Would be a wise decision –

— Tamara Haasen (@TamaraHaasen) November 8, 2024

Charles Hoskinson met with Argentine President Javier Milei

Although no official information has emerged on the matter, it is worth recalling that Hoskinson met with Javier Milei, the president of Argentina, in September. At the time, the broader crypto community wondered what the reason for the meeting was. It was only suggested that Cardano’s founder wanted to run integrated digital solutions in Argentina.

On the one hand, Javier Milei and Elon Musk, a major supporter of the Donald Trump campaign, share a close bond. So this could affect Hoskinson’s chances of becoming a crypto advisor. However, it is worth noting that David Bailey, the CEO of Bitcoin Magazine and organizer of the popular Bitcoin Conference 2024, also has direct close ties to the Trump campaign.

While this is all speculative, Charles Hoskinson and David Bailey are. Hoskinson may have Bailey as his biggest rival.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who enjoy writing about the real-world applications of blockchain technology and innovations to drive mainstream adoption and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and sites. Benjamin Godfrey is a sports and agriculture enthusiast. Follow him on X, Linkedin

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