Cardano Founder Charles Hoskinson Excluded from White House Crypto Summit
Cardano founder Charles Hoskinson recently disclosed that he did not receive an invitation to the upcoming White House Crypto Summit scheduled for March 7. This exclusion has raised eyebrows, especially considering that the blockchain network’s ADA token is part of US President Donald Trump’s proposed crypto reserve.
No Invitation for Hoskinson
In a broadcast on March 6, Hoskinson mentioned that he did not receive an invitation to the highly anticipated crypto event. He stated, “We did not get an invitation on Monday. We did not get an invitation on Tuesday. We did not get an invitation today on Wednesday. So I’m going to operate under the assumption I have not been invited to go to this gathering.”
Hoskinson downplayed the event’s significance, suggesting that it might not involve meaningful policy discussions. He emphasized that real policy work happens within the legislative branch, where he has actively engaged with lawmakers over the years. He reiterated his commitment to advocating for regulatory clarity through legislative involvement, particularly concerning key bills related to stablecoins and market structure.
Despite Hoskinson’s absence, several prominent figures from the crypto industry have confirmed their attendance at the summit. Notable personalities include Michael Saylor, Chairman of MicroStrategy, Brian Armstrong of Coinbase, Arjun Sethi of Kraken, and Vlad Tenev of Robinhood.
ADA Included in Trump’s Crypto Reserve
Interestingly, Hoskinson’s exclusion is significant as ADA has been included in Trump’s proposed crypto reserve. The president recently unveiled plans to establish a reserve comprising Bitcoin, Ethereum, XRP, Solana, and Cardano. He is expected to outline his strategy for this initiative during the summit.
Hoskinson admitted that he was unaware of ADA’s inclusion in the reserve until the news circulated. He expressed his surprise, stating, “We knew nothing of ADA being selected for the reserve. It was news to me. I woke up on Sunday, looked at my phone, and I had over one hundred fifty messages saying congratulations, great job, and I had no idea what the heck was going on.”
