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Cardano Founder Surprised by U.S. Reserve Rumors

Coin WorldThursday, Mar 6, 2025 1:02 am ET
1min read

Charles Hoskinson, the founder of Cardano (ADA), has stated that he was unaware of any discussions regarding the inclusion of ADA in the U.S. cryptocurrency reserves. In an interview, Hoskinson expressed his surprise at the news, stating that he had not been informed about the matter and had only learned about it after receiving numerous congratulatory messages.

This revelation comes amidst speculation that the Trump administration is considering including Cardano in its cryptocurrency reserves. However, Hoskinson's statement suggests that there has been no official communication between the White House and the Cardano team regarding this matter. It is unclear whether the rumors are based on accurate information or if they are merely speculative.

The potential inclusion of Cardano in the U.S. cryptocurrency reserves could have significant implications for the cryptocurrency market. As one of the largest and most well-established cryptocurrencies, ADA's inclusion in the reserves could signal a vote of confidence in the cryptocurrency sector by the U.S. government. However, it is important to note that the rumors are currently unconfirmed, and the situation remains uncertain.

In the meantime, the cryptocurrency market continues to evolve, with various trends and developments shaping the landscape. As the market prepares for the upcoming crypto summit, analysts are speculating on the potential impact of the event on Bitcoin's price and the broader cryptocurrency market. Additionally, the emergence of stablecoins and the strategic reserve and power play dynamics of the crypto order in the Trump era are topics of ongoing discussion and analysis.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.