On March 6th, COINOTAG News reported that Charles Hoskinson, the co-founder of Cardano, will not be participating in the upcoming White House cryptocurrency summit scheduled for March 8th. This decision comes on the heels of former President Donald Trump’s announcement via Truth Social, which stated that Cardano’s ADA token would be integrated into U.S. cryptocurrency reserves—an announcement that previously led to a dramatic price increase for ADA, reaching a peak of 100% at one point. Despite the significant market reaction, inside sources reveal that the Cardano team has not engaged in any substantive discussions regarding cryptocurrency policy with federal entities. Additionally, while Hoskinson expressed interest in attending a fundraising event for PAC MAGA Inc. to bolster the crypto sector, White House representatives confirmed that he was not on the invitation list.
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