Cardano Founder Excluded from White House Crypto Summit Despite ADA Inclusion in Proposed Reserve

Cardano founder Charles Hoskinson has revealed that he was not invited to the upcoming White House Crypto Summit scheduled for March 7. This exclusion has sparked discussions, particularly because the blockchain network’s ADA token is included in the proposed crypto reserve by the US President.

In a March 6 broadcast, Hoskinson stated that he had not received an invitation to the event. He downplayed the significance of the summit, suggesting that it might not involve meaningful policy discussions. Hoskinson argued that real policy work happens within the legislative branch, where he has collaborated with lawmakers over the years. He reaffirmed his commitment to pushing for regulatory clarity through legislative engagement, particularly on key bills related to stablecoins and market structure.

Despite his absence, several key figures in the crypto industry have confirmed their attendance. Among them are Michael Saylor, Chairman of Strategy—the largest corporate holder of Bitcoin—along with Brian Armstrong of coinbase, Arjun Sethi of Kraken, and Vlad Tenev of Robinhood.

Hoskinson’s exclusion is particularly striking given that ADA has been listed as part of the proposed crypto reserve. The president recently announced plans to create a reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano. He is expected to outline his strategy for this initiative at the event. The Cardano founder admitted that he was unaware of ADA’s inclusion until the news broke. According to him, he woke up on Sunday and found over one hundred fifty messages congratulating him on the news, but he had no prior knowledge of the development.