Charles Hoskinson Calls Out White House for Ignoring Cardano in Crypto Talks
Cardano founder Charles Hoskinson has revealed that he was unaware os US President Donald Trump’s decision to include ADA in a proposed national cryptocurrency reserve until the official announcement was made.
Hoskinson: “I Knew Nothing About It”
On March 5, Hoskinson took to social media to express his surprise over the unexpected inclusion of ADA in Trump’s proposed US crypto reserve. He shared that on March 2, he woke up to an influx of congratulatory messages but had “no idea what the heck was going on.” According to Hoskinson, neither he nor his team was consulted about the decision beforehand.
Japan https://t.co/peiPttXCpE
— Charles Hoskinson (@IOHK_Charles) March 6, 2025
“Nobody even spoke to us about it, and we never even knew about it,” he stated. He also mentioned that previous attempts to engage in discussions about similar initiatives had been met with vague responses such as, “We’ll call you back” or “We’ll figure it out.”
Also read: Is a Cardano ETF on the Horizon? SEC Takes First Step Toward Approval
Trump’s Crypto Reserve Sparks Debate
On March 2, Trump proposed the creation of a US cryptocurrency reserve, affirming that Bitcoin (BTC) and Ethereum (ETH) would be obvious inclusions. However, many within the crypto community were surprised to see additional assets such as XRP (XRP), Solana (SOL), and Cardano (ADA) on the list.
Following the announcement, ADA’s price surged by 76% within hours, climbing from $0.647 to a peak of $1.14 before experiencing a sharp 30% decline the next day. The proposal has sparked discussions within the industry, with some analysts questioning the inclusion of cryptocurrencies beyond Bitcoin, arguing that it represents a departure from the dominant Bitcoin-centric narrative in institutional policy discussions.
Also read: Cardano vs Solana: An In-Depth Comparison of Blockchain Technologies
Hoskinson Upset Over White House Crypto Summit Exclusion
As discussions over Trump’s proposal continued, Hoskinson expressed frustration over not being invited to the White House Crypto Summit scheduled for March 7. In a social media post, he stated, “Here are the facts: many of my people know people on the (White House) side. We did not get an invitation. I’m going to assume I have not been invited to the White House. I don’t imagine much policy work will be done.”
Hoskinson further reiterated his belief that genuine legislative progress requires cooperation between multiple regulatory agencies and industry stakeholders. He also downplayed the significance of such high-profile gatherings, emphasizing that political endorsements alone do not dictate the long-term success of any cryptocurrency.
Also read: How to Stake Cardano: A Beginner’s Guide to Earning Rewards
Legislative Debates Continue
Meanwhile, on March 5, Fox Business correspondent Eleanor Terrett reported that key US lawmakers, including Senator Tom Emmer and Representative Bryan Steil, hosted a ‘Crypto Power Lunch’ to discuss digital asset policies and legislative initiatives.
The event was attended by representatives from major crypto trade organizations such as the Blockchain Association and the Digital Chamber, along with corporate executives from firms like Coinbase, Consensys, Paradigm, and Anchorage Digital.
