Charles Hoskinson, the founder of Cardano, recently expressed surprise at the inclusion of ADA in a proposed U.S. crypto reserve announced by former President Donald Trump. According to Hoskinson, he was unaware of this decision until it was publicly revealed. He recounted waking up on March 2 to an influx of messages congratulating him, despite having no prior knowledge of the announcement.
The proposal, which took place on March 2, suggested that the crypto reserve would include well-known cryptocurrencies such as Bitcoin and Ether, alongside ADA, XRP , and Solana . Following the news, the value of ADA surged dramatically, climbing 76% within hours, moving from $0.647 to a peak of $1.14, before experiencing a subsequent decline of 30% the following day. This volatility sparked discussions among industry figures, many of whom criticized the diverse range of cryptocurrencies included in the proposal.
Furthermore, Hoskinson has noted that neither he nor any other Cardano representatives received invitations to a recent White House roundtable focused on cryptocurrency policy. He expressed skepticism about the effectiveness of such gatherings, suggesting that meaningful policy progress requires collective efforts across various stakeholders rather than simply high-profile events. He underscored the importance of serious collaboration among industry participants to address regulatory challenges, rather than treating these summits like popularity contests.
In parallel developments, a “Crypto Power Lunch” event hosted by Senator Tom Emmer and Representative Bryan Steil took place on March 5, where dialogue surrounding digital asset policy initiatives and legislation was on the agenda. The event included representatives from various crypto trade associations and notable corporate entities, suggesting an increasing focus on regulatory matters within the cryptocurrency space.
