Charles Hoskinson Did Not Attend the White House Digital Assets Summit

In March, the White House held a digital assets summit in the State Dining Room and it was attended by several founders except Charles Hoskinson

The March digital assets summit in the State Dining Room at the White House was attended by several crypto founders, but many were surprised that Charles Hoskinson, the co-founder of Ethereum and Cardano, was not on the guest list.

After all, there were reports that some of Trump’s advisors were keen on including Cardano’s token in a crypto strategic reserve.

But while many would be devastated to miss out on such an opportunity, Hoskinson did not seem too bothered by the snub, explaining that he does not see why it should bother him when he is not trying to enter their good books.

One of the biggest reasons why Hoskinson does not feel left out after not getting an invitation to the summit is that he is not going out of the way to foster a connection to the Trump administration.

“A lot of people want to get close to David Sacks and Bo Hines and build relationships there,” Hoskinson told DL News. “That’s the flavor of the week. It’s nice for optics, but it doesn’t translate into sustainable, permanent policy.”

As far as the billionaire blockchain builder is concerned, he does not need to “make a deal with Trump,” and so spending time with him is not at the top of his list of priorities.

These days, he has his hands filled with promoting blockchain technology — ie, Cardano — to lawmakers, regulators, and even the occasional head of state as a useful tool for government services.

In a bid to win these people over, Hoskinson has become some of a DeFi diplomat flying around the world to offer insight on forming what he calls sustainable, permanent policy for blockchain technology.

He has even reportedly gotten close to Senator Tim Scott, the influential chairman of the Senate Banking Committee, who is shepherding the landmark stablecoin bill through Congress.

Great dinner with Senator Scott. America's best days are coming pic.twitter.com/r8tXfzhDB9

— Charles Hoskinson (@IOHK_Charles) November 21, 2024

Since Trump became president, he has signed an executive order to overhaul crypto policy, established a Bitcoin strategic reserve, and appointed Paul Atkins, a pro-crypto lawyer, to head the Securities and Exchange Commission (SEC).

It has taken the industry several steps forward but, however, as far as Hoskinson is concerned, the administration still needs to go further.

But while Trump's time in office will come to an end eventually, Hoskinson hopes that the changes he made will remain permanent fixtures in the emerging framework for the industry.

This is why he has been advocating for more stable regulatory laws and is currently monitoring a market structure bill that would establish clear regulatory authority by dividing up the responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC).

According to the report, the legislation is expected to pass later this year, and afterwards, the House will vote on a bill to regulate stablecoins, which will then go to Trump’s desk for his signature.

After that, the priority will be to pass a bipartisan bill to create a new regulatory framework for crypto.

"We’re going to get to a point where we have a good set of crypto regulations in place, and then we’ll be able to take a step back and say, ‘Okay, what else do we need to do to ensure the long-term health of the industry?’”output