Cardano founder Charles Hoskinson said he did not know that US president Donald Trump would include the network’s native token, Ada, in his suggested crypto reserve until this day was announced.
“We don’t know about ADA selected for the reserve. It’s news to me,” Hoskinson Says In a video on March 5. He added that he woke up on March 2 to 150 greeting messages but “no idea what’s going on.”
“We don’t know about it yet, and no one has talked to us about it,” he added, before saying that he tried to have these conversations before saying, “we’ll call you back” or “we’ll know it.”
Donald Trump suggested a US RESERVE OF US On March 2, saying it was “clear” containing bitcoin (Btc) and ether (Eth), but led to a reaction from some in the industry for also included XRP (XRP), Solana (Sol) and cardano (Ada).
ADA ranks 76% for a few hours following the announcement, jumping from $ 0.647 to raise $ 1.14 before the disposal of 30% the next day.
Moving has caused a motion to some crypto executives and analyst integration of possessions except bitcoin.
Hoskinson did not receive an invitation to the crypto summit
Hoskinson also spoke about White House Crypto Roundtable On March 7, claiming that he was absent or any Cardano representatives received an invitation until this week.
“I’m going under the thought that I’m not invited to go to this gathering,” he said before adding, “I didn’t think there was a lot of work to do.”
He added that there are many policy activities and agencies to be passed before any decisions or the law may be passed, so while these submissions are “important because they put attention to the subject, the real work requires a lot of people from the whole spectrum” to work together to do things.
“This is not worth it as an industry, though, to treat it all as some kind of popularity contest,” he said before adding:
“If you believe in a moment that your cryptocurrency will do well because someone went to a ‘vanity fair,’ you fool.”
Related: White House Crypto Summit of Trump: Confirmed attendees to the present day
Meanwhile, the Fox Business Correspondent Eleanor Terrett reported Senator Tom Emmer and representative Bryan Steil posted a “crypto power lunch” to discuss the “policy policy and digital asset initiatives” on March 5.
Attendees include representatives from crypto trade organizations, including the digital chamber and blockchain association, in addition to corporate representatives from paradigm, Andreessen Horowitz, Coinbase, Consensys and Anchorage Digital, he said.
Magazine: Meet attorney Max Burwick – ‘The Ambulance Chaser of Crypto’
