Cardano Founder Charles Hoskinson Reveals He Was Unaware of Trump's Decision to Include ADA in His Proposed Crypto Reserve

Cardano founder Charles Hoskinson has revealed that he was completely unaware of US President Donald Trump's decision to include ADA, Cardano's native token

Cardano founder Charles Hoskinson was recently in the news after US President Donald Trump included ADA, Cardano’s native token, in a proposed crypto reserve. However, according to Hoskinson, he was completely unaware of the decision until the day of the announcement.

“We knew nothing about ADA being selected for the reserve. It was news to me on the day of the announcement. I woke up to people congratulating me and I was clueless. I had no idea what the heck was going on,” Hoskinson stated in a video on 5 March 2025.

The crypto community was surprised when Trump revealed his plans for a crypto reserve. According to the announcement, it would obviously include Bitcoin (BTC) and Ether (ETH), sparking debate as it will also feature XRP, Solana (SOL), and Cardano (ADA).

Following the announcement, ADA surged 76% within hours, jumping from $0.647 to $1.14, before plummeting 30% the next day. The sudden spike and crash triggered skepticism from industry leaders, with some questioning the rationale behind including multiple assets in the reserve.

During his video message, Hoskinson also touched upon the upcoming White House crypto roundtable, which is set to take place on 7 March. Expressing his doubts over Cardano’s involvement, he stated, “I’m going to operate under the assumption that I have not been invited to this gathering. I don’t imagine much policy work will be done.”

suggest that we’ll be having a White House crypto summit on Thursday. I’m going to operate under the assumption that I have not been invited to this gathering and I don’t imagine much policy work will be done.

He further went on to criticize the idea that such summits could alone lead to meaningful regulatory progress. According to him, proper policymaking requires collaboration across different sectors.

“While these events put a spotlight on the topic, real work requires many people from across the spectrum to work together to stitch together the fabric of crypto regulation,” Hoskinson explained.

Moreover, Hoskinson took a jab at those who view political endorsements as a sign of market success, comparing it to a “popularity contest” that does little to advance the industry.

“If you believe for a moment that your cryptocurrency is going to do well because somebody went to a ‘vanity fair’ and made an announcement about which cryptocurrencies they like, and that's going to make the cryptocurrency go up, you’re a fool,” remarked Hoskinson.

In other developments, Fox Business correspondent Eleanor Terrett reported that Senator Tom Emmer and Representative Bryan Steil hosted a “Crypto Power Lunch” on 5 March 2025.

The event was attended by representatives from major crypto trade organizations, including the Digital Chamber and Blockchain Association, as well as corporate executives from Paradigm, Andreessen Horowitz, Coinbase, Consensys, and Anchorage Digital.