YEREVAN (CoinChapter.com) — Cardano (ADA) founder Charles Hoskinson has not been invited to Donald Trump’s White House crypto summit on March 7, despite the recent surge of ADA following its inclusion in the former president’s proposed US crypto reserve.
A list of confirmed attendees includes major industry figures such as Michael Saylor (MicroStrategy), Brian Armstrong (Coinbase), Brad Garlinghouse (Ripple), and Sergey Nazarov (Chainlink). Other notable names like Vitalik Buterin (Ethereum), Jeremy Allaire (Circle), and Anatoly Yakovenko (Solana) remain unconfirmed.
Hoskinson addressed the situation, saying,
“I’m going to operate under the assumption that I have not been invited to go to this gathering.”
He also downplayed the impact of such events, adding that real policy decisions require extensive cooperation across the industry and government.
Meanwhile, Senator Tom Emmer and Representative Bryan Steil hosted a separate “Crypto Power Lunch” on March 5, attended by representatives from Paradigm, Andreessen Horowitz, Coinbase, Consensys, and Anchorage Digital. This gathering focused on digital asset policy initiatives and legislation.
Hoskinson Denies Any Prior Knowledge of ADA in US Crypto Reserve
Hoskinson also revealed that he had no prior knowledge of ADA being included in Trump’s proposed US crypto reserve. The announcement on March 2 caught him off guard, as he woke up to 150 messages of congratulations without understanding what had happened.
“We knew nothing about ADA being selected for the reserve. It was news to me,”
he said in a video on March 5. He said he had tried to engage in policy discussions but was often dismissed with vague responses like “We’ll call you back” or “We’ll figure it out.”
Trump’s proposal, which included Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), sparked mixed reactions. Some crypto executives criticized the inclusion of altcoins, arguing that only Bitcoin should be in a national crypto reserve.
ADA’s Price Spikes Then Dumps Following Trump’s Announcement
Following the announcement, ADA’s price skyrocketed by 76% in just a few hours, climbing from $0.647 to $1.14. However, the surge was short-lived, as ADA dropped 30% the next day.
The rapid movement reflected market uncertainty over the political implications of Trump’s crypto reserve. Some investors saw the news as a bullish signal, while others questioned whether the inclusion of XRP, SOL, and ADA carried real weight.
Hoskinson: “It’s Not a Popularity Contest”
Hoskinson dismissed the significance of attending the March 7 crypto summit, warning that industry influence should not be measured by high-profile meetings.
“If you believe for a moment that your cryptocurrency is going to do well because somebody went to a ‘vanity fair,’ you’re a fool,”
he stated.
Trump’s crypto strategy remains unclear, but industry leaders will meet at the White House to discuss digital asset policies. Hoskinson’s exclusion and Cardano’s absence raise questions about the summit’s selection process and ADA’s future in US crypto policy.
