"Hoskinson Clarifies White House Ties, Vows Crypto Regulatory Overhaul"

Charles Hoskinson, the founder of Cardano, has addressed recent speculations about his potential ties to the White House. The rumors gained traction over the past few weeks due to subtle hints by Hoskinson, including the cancellation of his scheduled appearance at ETH Denver, which he attributed to a mysterious commitment in Florida. Given Florida's association with Mar‐a‐Lago, the residence of US President Donald Trump, industry insiders quickly speculated about a high-level engagement that could signal unprecedented ties between Hoskinson and influential political figures.

In a post on X, Hoskinson acknowledged the public's rumors but clarified that any informal meetings should not be misconstrued as conferring "magic new powers". He stated, "I appreciate the enthusiasm and speculation, but I’d like to say no one is being appointed by the executive branch to any crypto related role tonight, meetings do not imply endorsement or magic new powers, and the legislative process is just that, its a process that takes time and effort."

Hoskinson further stressed that no crypto-related appointments were coming from the executive branch and promised to withhold further commentary until there is actual news. He wrote, "I will not comment again on this topic until I have definitive and tangible news that is relevant to the legislative process to get new laws on the books that enable the industry to survive and thrive in the United States. At this juncture, further comments and speculation are both counterproductive and unnecessary. Our industry is well represented and good things are coming. Leave it at that and let the process happen."

On March 2, Hoskinson outlined his vision for an unprecedented overhaul of the US crypto regulatory landscape in a livestream titled "True Grit". Remarkably, he did not talk about the inclusion of ADA in the US Crypto Reserve. Instead, Hoskinson provided a look at the forthcoming legislative initiatives and the broader economic implications.

During the broadcast, the Cardano founder emphasized the need for collective action among crypto industry players to create "proc crypto legislation that will make America the best country in the world to found, fund and run a cryptocurrency project". He further elaborated on his plan by stating, "there’s going to be a great opportunity for us to work together as an industry to be able to create proc crypto legislation."

The Cardano founder stressed that the current legislative initiatives by the Trump administration is only the beginning of a broader effort to integrate traditional