Key Takeaways:
- Hoskinson Unaware: Cardano’s Charles Hoskinson stated he was unaware of ADA’s inclusion in Trump’s proposed US crypto reserve until it was announced.
- ADA’s Price Surge: ADA spiked 76% following the news, reaching $1.14 before retracing 30%.
- No White House Invite: Hoskinson confirmed he wasn’t invited to the upcoming White House crypto summit, questioning its policy impact.
Cardano founder Charles Hoskinson has stated that he was completely unaware of ADA’s inclusion in a proposed US crypto reserve until the official announcement was made.
In a video on March 5, he expressed surprise after waking up to numerous congratulatory messages on March 2.
Japan https://t.co/peiPttXCpE
— Charles Hoskinson (@IOHK_Charles) March 6, 2025
Hoskinson clarified that neither he nor his team had been consulted, despite previous attempts to engage with policymakers, which often resulted in vague responses.
The proposal, announced by former US President Donald Trump on March 2, suggested establishing a US crypto reserve featuring Bitcoin (BTC) and Ethereum (ETH).
However, the inclusion of XRP, Solana (SOL), and Cardano (ADA) sparked debate within the crypto community.
Hoskinson also addressed the upcoming White House crypto roundtable on March 7, stating that neither he nor any Cardano representatives had been invited.
He questioned the effectiveness of such events, emphasizing the need for broad collaboration to create meaningful policy changes.
Additionally, he warned against overvaluing publicity-driven summits, asserting that genuine progress requires coordinated efforts across various stakeholders.
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