Charles Hoskinson Surprised, Didn’t Know US Crypto Reserves Announced by Trump!

Jakarta, Pintu News – Cardano ADA6.19%->Current ADA PriceRp 11.5056.19%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 founder Charles Hoskinson revealed that he knew nothing about US President Donald Trump’s decision to include ADA in the US crypto reserve. In a video on March 5, 2025, Hoskinson said that he only found out about this after waking up and receiving 150 congratulatory messages.

“We had no idea ADA would be chosen for the crypto reserve. This is news to me too,” Hoskinson said.

This announcement briefly caused the price of ADA to soar by 76%, but it soon experienced a sharp decline. How will the market and crypto industry react to this decision?

Hoskinson Shocked: Never Invited to Talk About Crypto Reserve

In the video, Hoskinson claims he was never contacted regarding selecting ADA as part of the US crypto reserve.

According to him, he has tried to discuss this with the authorities but has only received answers like “We’ll get back to you” with no clear follow-up.

Trump first announced the US crypto reserve plan on March 2, 2025. In addition to Bitcoin BTC1.23%->Current BTC PriceRp 1.363.028.9901.23%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 and Ethereum ETH2.16%->Current ETH PriceRp 30.995.2242.16%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072 which were already expected to be on the list, Trump also included Ripple XRP5.47%->Current XRP PriceRp 37.5855.47%Market CapRp 2.308 TriliunTrading VolumeRp 262,59 TriliunCirculating SupplyRp 57,18 Miliar, Solana SOL4.60%->Current SOL PriceRp 2.107.5154.60%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0, and Cardano (ADA).

This decision has caused debate among crypto analysts, especially since many consider that only Bitcoin should be included in the national reserve.

Read also: ETHDenver 2025 Successfully Held in Colorado, Crypto Regulation is the Main Topic!

ADA’s Price Jumped 76%, Then Plummeted 30%!

The announcement immediately impacted the price of Cardano (ADA). Within hours of Trump’s announcement, the price of ADA jumped from $0.647 (10,578 IDR) to $1.14 (18,640 IDR). However, the increase did not last long, and ADA fell back 30% to $0.80 (13,080 IDR) within a day.

These price movements suggest that while the news sparked initial optimism, investors are still skeptical of its long-term impact. Will the inclusion of ADA into the US crypto reserve bring benefits, or is this just a momentary hype?

Read also: Price of 1 Pi Network (PI) in Indonesia Today (7/3/25)

Hoskinson Not Invited to White House Crypto Summit

In addition to being surprised by the crypto reserve announcement, Hoskinson also stated that he did not receive an invitation to attend the White House Crypto Summit on March 7, 2025. He assumed he would not be invited, and felt that the event would not result in concrete policies.

According to Hoskinson, formulating crypto policy requires many stages of regulation and cooperation from various parties, not just an exclusive meeting attended by a few people. He also emphasized that crypto should not be considered a popularity contest.

“If you think that cryptocurrency is going to be successful just because someone attended a ‘vanity fair’ event, you are sadly mistaken,” he emphasized.

Also read: Will the US create a national crypto reserve? This is what Anatoly Yakovenko says!

Senators and Crypto Executives Discuss Digital Asset Policy

Meanwhile, on March 5, 2025, Senator Tom Emmer and Representative Bryan Steil held an “Crypto Power Lunch” event, which discussed digital asset policy and regulation.

Representatives of major crypto organizations, such as the Digital Chamber and Blockchain Association, and companies such as Paradigm, Andreessen Horowitz, Coinbase, Consensys, and Anchorage Digital, attended the event.

This meeting shows that crypto regulation is increasingly becoming a major topic in US politics, with various parties seeking to strengthen their influence in shaping digital finance policy.

Conclusion

Including Cardano (ADA) in the US crypto reserve without the knowledge of its founder raises various questions in the crypto industry. Is this decision purely a political strategy, or are there other factors behind it?

Additionally, with the White House Crypto Summit on the horizon, the crypto community is now waiting to see if clearer, pro-crypto policies will be announced soon. What does the future hold for the ADA and crypto in the US?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Charles Hoskinson says he ‘knew nothing’ of ADA being selected for US reserve. Accessed March 7, 2025
• Featured Image: Coindesk