Hoskinson: ‘No Knowledge’ of ADA’s US Reserve Selection

Surprise in the Crypto World: ADA’s Unexpected Selection

Imagine this: You wake up one morning to find out that your creation, something you’ve poured your heart and soul into, has been chosen for a big, important project. But there’s a catch – you had no idea this was happening! That’s exactly what happened to Charles Hoskinson, the founder of Cardano, when he found out about ADA being selected for a proposed U.S. crypto reserve.

An Unexpected Announcement

Former U.S. President Donald Trump made a surprising announcement on March 2, 2025. He proposed a U.S. crypto reserve that would include a mix of cryptocurrencies – Bitcoin, Ethereum, XRP, Solana, and, to everyone’s surprise, ADA. This news sent shockwaves through the crypto community, with ADA’s price jumping up by 76% before stabilizing.[1]

Hoskinson was just as surprised as everyone else. He found out about ADA’s selection when he woke up to a flood of congratulatory messages. He had no clue that ADA was even being considered for this project.[1][5]

Reactions and Debates

The announcement sparked a lot of debate. Some people were happy about ADA’s inclusion, while others questioned why it was chosen over other cryptocurrencies. Tyler Winklevoss from Gemini even argued that only Bitcoin should be considered for a reserve asset.[3]

Hoskinson defended ADA’s inclusion by pointing out that there are no clear rules about what makes a good reserve asset. He also addressed some misconceptions about ADA and other altcoins like XRP and Solana.[3][4]

A New Era for Cryptocurrencies?

The U.S. crypto reserve proposal is a big deal. It shows that governments are starting to take cryptocurrencies more seriously and might even include them in their financial plans.[1][3] However, there are still some questions. For example, why weren’t more people involved in the discussion about this proposal? And why wasn’t Hoskinson invited to a White House crypto summit?[1]

As the crypto world keeps changing, it’s important for everyone to talk openly about the future of digital assets. This proposal might lead to a new era of crypto adoption, but there will also be challenges along the way.

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Sources:
– Cointelegraph
– Namecoin News
– The Crypto Basic
– The Crypto Basic
– Binance