Cardano Mystery: Why Trump Selected ADA Without Consulting Hoskinson

Cardano founder Charles Hoskinson claims he had no prior knowledge of ADA’s inclusion in Trump’s proposed crypto reserve until the day it was announced. He also clarified that neither he nor any Cardano representatives had received an invitation to the White House Crypto Summit till now.

Trump announced through his Truth Social platform that the United States would establish a national strategic crypto reserve containing XRP alongside Solana (SOL) and Cardano (ADA). He directed the Presidential Working Group on Digital Assets toward implementing this program. ADA, XRP, and SOL and ADA experienced sharp price increases after the announcement.

Along with that, Trump is set to host White House Crypto Summit on March 7. The meeting is deemed significant as Trump is slated to announce key crypto policies at the event. The attendee list includes include eleven executives, two White House representatives. The attendee list is expected to expand further, with additional confirmations anticipated soon.

While the rumored confirmed list of all the guests invited for the Crypto Summit has been released, the absence of several industry players like Cardano’s Charles Hoskinson and Ethereum co-founder Vitalik Buterin has sparked discussion in the community. Reacting to the apparent summit snub,

Hoskinson replied, “Real work happens with lawmakers, not summits.” He also went on to say that “there are many domain experts who need to be in the room, like Leemon Baird from $HBAR, or Silvio Micali from $ALGO, or Avery Ching from $APT, or Beniamin Mincu from $EGLD. They understand every dimension of the industry.”

Cardano Trading Volume Hits Record as Trump’s White House Decision Nears

Despite being excluded, Hoskinson remains focused on driving crypto regulation, especially with $ADA included in Trump’s proposed crypto reserve.

On the other hand, market observers are keenly focused on the upcoming White House meeting, with hopes that positive policy developments, such as the potential inclusion of Cardano in a strategic reserve, could trigger a significant price surge for ADA.

$ADA is still holding my power of 3. Hopefully, tomorrow’s meeting at the White House and the possibility of including Cardano in the strategic reserve will push the price into that expansion zone in the green box.

The recent surge in trading volume, surpassing levels seen at ADA’s previous all-time high, further strengthens the bullish case.