Charles Hoskinson Douses White House Crypto Rumors
1min read Charles Hoskinson, the founder of Cardano, has addressed speculation surrounding his potential involvement in a crypto-related role within the U.S. government. In a recent statement, Hoskinson sought to dampen the enthusiasm of community members who had been discussing the possibility of his appointment to a crypto role in the White House.
Hoskinson argued that the cryptocurrency industry is in capable hands, with key players preparing for sweeping regulatory changes and policy shifts. He refuted speculation that he could be appointed to a crypto role, stating that "meetings do not imply endorsement." In a post on his social media platform, Hoskinson confirmed that a crypto role in the White House is not currently within reach.
The Cardano founder also expressed his intention not to comment further on the topic of a crypto appointment unless he obtains new relevant information. He cited the cross-agency collaboration for crypto regulations, emphasizing that the industry has proper representation from experts and enthusiasts. Hoskinson stated that further comments and speculation are both counterproductive and unnecessary at this juncture.
Hoskinson is expected to attend the inaugural White House Crypto Summit on Friday, although details are still sparse. Meanwhile, the Cardano community continues to buzz from President Trump's decision to include ADA in the Crypto Strategic Reserve. In response to criticisms, Hoskinson has stepped up to defend XRP's inclusion in the Strategic Reserve, praising its underlying technology and community resilience.
Hoskinson argued that XRP's technology is "great" and highlighted its community's resilience in the face of a lengthy regulatory witchhunt. His comments come amidst scathing criticisms from figures like Peter Schiff, with XRP's community expressing gratitude to Hoskinson for his support.
