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Charles Hoskinson says he ‘knew nothing’ of ADA being selected for US reserve

cryptoweekly by cryptoweekly
March 6, 2025
in bitcoin, News
0

Cardano’s Hoskinson says he woke up to messages of congratulations but had “no idea what the heck was going on.”

Cardano founder Charles Hoskinson said he wasn’t aware that US President Donald Trump would include the network’s native token, ADA, in his proposed crypto reserve until the day it was announced. 

“We knew nothing about ADA being selected for the reserve. It was news to me,” Hoskinson said in a video on March 5. He added that he woke up on March 2 to 150 messages of congratulations but had “no idea what the heck was going on.”

“We never even knew about it, and nobody even talked to us about it,” he added, before saying that he tried hard to have these conversations before being told, “We’ll call you back” or “We’ll figure it out.” 

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Recent Posts
  • US sanctions crypto wallet tied to ransomware, infostealer host
  • SEC approves conversion of Grayscale's large-cap crypto fund into ETF
  • SOL ETF news gain evaporates, while chart warns of another 20% drop
  • Bitcoin at risk of deeper drop as BTC slips below key support levels
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