Charles Hoskinson Speculates That Elon Musk's New Government Role Could Lead to Cardano Adoption

In a recent livestream, Cardano founder Charles Hoskinson sparked significant speculation regarding whether the US government could adopt Cardano under the guidance of Elon Musk—now heading the newly formed Department of Government Efficiency (DOGE).

During a recent livestream, Cardano founder Charles Hoskinson fueled speculation about the US government potentially adopting Cardano, with Elon Musk at the helm of the Department of Government Efficiency (DOGE).

While no official confirmation has emerged from the DOGE department, the US Treasury, or Musk himself, industry observers are abuzz with talk of Cardano playing a key role in federal blockchain initiatives.

Musk's influence on the Trump administration began with his appointment to lead the DOGE department, an initiative aimed at overhauling government operations. Despite facing criticism over the intersection of corporate power and government policy, Musk's sway has only expanded, sparking curiosity about his next moves in the crypto space.

Hoskinson expressed his belief that Musk's ambitions could extend to encouraging the federal government to adopt blockchain technology. "And also he [Elon Musk] is going to make recommendations for the US government to adopt cryptocurrency as well," said Hoskinson. "And there’s been a lot of discussion. Would Cardano be in that conversation? I would believe so."

However, Hoskinson also noted that US government procurement is a complex process. "The challenge is that Elon can’t mandate that the US government do that. It has to go through the normal procurement process. And what will happen is that those RFPs will take years to work their way through because there will be lawsuits and debates and congressional acts that are required, all kinds of things. And so, you know, whenever that process comes, we’ll be there."

Hoskinson also highlighted the climate of regulatory pressure experienced in recent years, where major crypto exchanges like Coinbase, Kraken, and Binance faced lawsuits. He pointed to incidents of financial institutions closing crypto-related bank accounts, emphasizing the need to create a more welcoming environment in the United States.

"The last four years were horrible, where Coinbase got sued, Kraken got sued, Binance got sued, and you had the FDIC telling banks to de-platform cryptocurrency companies. I had bank accounts shut down," said Hoskins. "So the number one goal is get rid of that environment. The number two goal is to create a pro-growth environment… And the number three goal is let’s get the United States government on a blockchain. Let’s make sure Cardano is part of that story, and I think there’s a path there."

Musk's affinity for crypto, especially Dogecoin, has been widely covered. Yet, the billionaire's next steps remain a subject of speculation. Hoskinson suggests that Musk is preparing "to get into the cryptocurrency space full tier" through his platform X.

"What Elon Musk is going to do with cryptocurrency? We all know he’s planning on getting into the cryptocurrency space full tier, and that’s going to be through X. X will be a cryptocurrency wallet, and it’ll be the largest cryptocurrency wallet in the world. It’ll be 500 million users," speculated the Cardano founder. "He added that its still unclear which blockchain he will support: ”So then the question is, well, what cryptocurrencies does he support? Does he want to do DeFi? What chains does he want to actually start investing in and doing? It’s been mercurial. Nobody knows. Not Ethereum, not Solana, nobody.”

Recent reports indicate that Musk, through the DOGE department, is exploring blockchain solutions to streamline federal operations. Sources cited by Bloomberg hinted at a digital ledger to monitor government spending, secure sensitive information, process payments, and oversee the management of federal buildings and properties.

According to further leaks, representatives of Dogecoin have "informally reached out" to several public blockchains, an overture that has sparked discussion on whether Cardano could make the shortlist for broader government implementation.

Another curious element is Hoskinson's cryptic social media post last week, as reported by Bitcoinist. At the time, he noted on X: "VIP dinner got moved from the 22nd to the 1st. So the super important meeting is early March now." When a user inquired about the dinner menu, Hoskinson disclosed only: "diet coke will certainly be on it."

Some commentators have interpreted this as a nod to two high-profile figures known for their fondness—or at least playful commentary—around Diet Coke: President Donald Trump and Elon Musk. President Trump notably had a “Diet Coke button” in the Oval Office, while Musk once jokingly lamented on X about giving up the beverage.

Though it remains speculative, supporters argue the reference may point to both Trump's White House and Musk's ongoing role in shaping government policy through the Department of Government Efficiency.

At press time, ADA was trading at $0.78.