Charles Hoskinson, the founder of Cardano, revealed he was completely unaware of ADA's inclusion in Donald Trump's proposed US crypto reserve until the news went public.
ADA's Surprise Inclusion in Crypto Reserve
In a March 5 video, Hoskinson admitted he found out only after waking up to 150 congratulatory messages, indicating no prior discussions regarding ADA's inclusion had occurred with him or Cardano representatives. He added that previous attempts to discuss the matter were met with vague responses.
No Invite to White House Crypto Summit
Hoskinson also noted that neither he nor any Cardano representatives had received an invitation to the upcoming March 7 White House crypto summit, which is set to discuss regulatory frameworks and digital asset policies.
Crypto Community's Reaction to the News
Official gatherings do not always result in rapid changes, and Hoskinson suggested real progress in crypto regulation requires more than just high-profile meetings. The news of ADA's reserve inclusion triggered a 76% price surge followed by a 30% correction.
Hoskinson's revelation has sparked discussions about transparency in policy-making, as many in the crypto space are curious about how decisions regarding national crypto reserves are made.
