This article discusses the recent financial disclosure by Thomas Thorgersen, highlighting the growing political interest in cryptocurrencies.
Thorgersen’s ADA and XRP Holdings
According to a filing posted on the official White House website, Thomas Thorgersen, Special Assistant to President Trump, holds the cryptocurrencies XRP and ADA.
The filing indicated that Thorgersen owns between $1,001 and $15,000 worth of ADA. While it reported no substantial income from his ADA investment, listed as either 'None' or less than $201, this still marks a significant endorsement from a White House official.
His XRP holdings fall within the same value range but have reportedly generated between $2,501 and $5,000 in income.
Trump’s Expanding Crypto Agenda
This news aligns with recent pro-crypto moves from former President Donald Trump, who returned to office in January 2025. Earlier this year, Trump proposed establishing a national cryptocurrency reserve comprising leading digital assets including Bitcoin, Ethereum, XRP, Solana, and Cardano.
Although the finalized executive order mandates that the government will actively buy and hold only Bitcoin, Trump’s administration aims to acquire altcoins like XRP and ADA through asset forfeitures. These assets will be stored in a national stockpile, not for market intervention but as part of a broader digital asset reserve strategy.
Legal experts such as Fred Rispoli have pointed out that Trump may not need congressional approval to include these assets in national reserves—raising the stakes for projects like Cardano.
Political Recognition Sparks Community Optimism
Cardano’s inclusion in both Thorgersen’s portfolio and Trump’s broader crypto vision represents a political boost for the project. While ADA’s price may not have seen immediate gains from the revelation, the long-term implications could be substantial, especially as the lines between crypto and politics continue to blur in Washington.
The disclosure of a high-ranking official's investments in Cardano serves as another indicator of the growing political interest in cryptocurrencies and may have lasting implications for the perception of digital assets in the financial sector.
