Connect with us

Hi, what are you looking for?

Economy

Cardano’s Charles Hoskinson Touted For Crypto Advisor Role Under Donald Trump

Charles Hoskinson Toutes As Crypto Advisor To Donald Trump

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.

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.

The post Cardano’s Charles Hoskinson Touted For Crypto Advisor Role Under Donald Trump appeared first on CoinGape.

You May Also Like

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com