Charles Hoskinson Responds to White House Crypto Summit Exclusion

Cardano founder Charles Hoskinson revealed that he was not invited to the White House Crypto Summit on March 7, despite ADA being included in President Trump’s proposed crypto reserve.

His exclusion has sparked discussions within the crypto community.

Hoskinson expressed surprise during a March 6 broadcast:

“We didn’t receive an invitation on Monday, Tuesday, or Wednesday. So, at this point, I’m assuming we haven’t been invited to the event.”

Downplaying the event’s significance, he suggested it would unlikely involve substantial policy discussions. He says real policy work occurs within the legislative branch, where he has actively engaged with lawmakers over the years. He reaffirmed his commitment to advocating for regulatory clarity, particularly on key stablecoins and market structure bills.

Hoskinson’s exclusion stands out, given ADA’s inclusion in Trump’s proposed crypto reserve. The president recently unveiled plans for a reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano, with further details expected at the upcoming summit.

However, Hoskinson admitted he was unaware of ADA’s selection until the news broke.

“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 150 messages saying congratulations, great job, and I had no idea what the heck was going on,”

he said.

The announcement has also fueled speculation about the broader implications of the crypto reserve. Reacting to the development, an X user, @Loshness2000, suggested that Hoskinson likely understands what will ultimately define a U.S.-backed crypto reserve, noting that such an initiative would require legislative approval. He further speculated that the primary objective behind the reserve is to attract new jobs to the U.S. crypto industry through favourable tax incentives. Additionally, he suggested that a set timeframe would likely be established for officially designating a crypto headquarters in the U.S. before the reserve takes full shape.

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”