White House Crypto Summit Snubs Cardano – Why Was Charles Hoskinson Left Out?
Charles Hoskinson Was Not Invited To The White House Crypto Summit, Which Will Host Over 25 Attendees, Including Notable Crypto Leaders, As Discussions Continue Regarding Trump’s Views On A U.S. Cryptoy Reserve.
| Key Takeaways: – Charles Hoskinson was not invited to the White House Crypto Summit and has not engaged in any discussions regarding crypto policy. – The event on March 7, will include more than 25 attendees, although key figures such as Vitalik Buterin and Cathie Wood have yet to confirm their participation. |
Charles Hoskinson, the co-founder of Cardano, will not be present at the White House Crypto Summit on March 8, as reported by Unchained, referencing a source within the White House.
This source confirmed that Hoskinson and the Cardano team did not receive an invitation and have not been participated in any discussions regarding crypto policies with the administration.
Questions about Charles Hoskinson’s attendance arose after a statement by former President Donald Trump, who indicated that Cardano’s native token, ADA, would be part of a crypto reserve on his Truth Social platform.
ADA, the token associated with Cardano, is recognized as the eighth-largest cryptocurrency by market cap, with a valuation of $33.76 billion, and it is trading consistently at $0.95.
The summit is scheduled for March 7 from 6:30 PM to 10:30 PM UTC, and is anticipated to host more than 25 participants, including prominent members of the Presidential Working Group on Digital Assets.
According to Fox Business reporter Eleanor Terrett, many executives from the crypto industry and representatives from the White House had confirmed their attendance as of Wednesday. Notable attendees include Gemini founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, and Michael Saylor from Strategy.
As the sector awaits additional announcements, there have been requests to involve other key figures like ARK Invest’s Cathie Wood, Vitalik Buterin, one of the co-founders of Ethereum, Jeremy Allaire from Circle, Tether CEO Paolo Ardoino, and Solana founder Anatoly Yakovenko. The community is also eager to hear from Cardano founder Charles Hoskinson.
The White House Crypto Summit, led by David Sacks, a Silicon Valley investor and Trump’s designated expert on AI and cryptocurrency, aims to bring industry leaders, investors, and policymakers together to influence the administration’s viewpoint on cryptocurrency. It comes occurs against a backdrop of increasing curiosity regarding Trump’s thoughts on establishing a U.S. cryptocurrency reserve.
Additional speculation regarding Hoskinson’s political involvement has been sparked by his previous statements about attending at a VIP dinner, which some viewed as an confirmation of his attendance at a fundraising event for the pro-crypto Super PAC MAGA Inc.
Nevertheless, sources confirm that the Cardano co-founder was absent from the dinner, opting instead to be in Denver for an ETH Denver side event.
MAGA Inc., also known as Make America Great Again Inc., is a Super PAC established on September 23, 2022, aimed at supporting Donald Trump. This organization is allowed to raise unlimited funds for campaign efforts and can allocate those funds to support Trump, provided there is no direct coordination with presidential campaigns.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
