In what was a move that shocked many within the industry, Cardaon has been excluded from the inaugural White House Crypto Summit taking place this week, as ADA founder Charles Hoskinson has responded. Indeed, Hoskinson confirmed the snub on a broadcast Thursday, much to the concern of many in the industry.
The summit itself is poised to be one of the most important moments for the cryptocurrency market in the United States. The gathering will see US President Donald Trump unveil the nation’s first Bitcoin Reserve strategy. Moreover, it should set the direction and trajectory for the administration’s crypto policy going forward.
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Charles Hoskinson Confirms White House Crypto Summit Snub for Cardano
Since his inauguration in January, the Trump administration has sought to completely overhaul the nation’s crypto approach. Indeed, it has embraced the asset class, championing its advantageous position for the nation’s financial future. This week, it is set to take that a step forward with the inaugural White House Crypto Summit.
Although the gathering was expected to see the most notable leaders of the industry, one name will be absent. Specifically, Cardano has been excluded from the White House summit, as founder Charles Hoskinson has responded to the surprising snub.
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“We did not get an invitation on Monday. We did not get an invitation on Tuesday,” the founder said. After confirming he hadn’t received one, Hosking noted he was “going to operate under the assumption I have not been invited to go to this gathering.” However, he downplayed the importance of the summit to those concerned.
Hoskinson notes that he does not believe any meaningful policy changes will be discussed. In recent years, he has worked with the legislative brand and collaborated with lawmakers. Therefore, his absence has led to his belief that its impact is being somewhat overstated. Still, its presence should be huge for the optics of the administration. Specifically, regarding its willingness to stand with the asset class and pioneer its future.