Cardano founder Charles Hoskinson has dampened the enthusiasm of community members over speculation for a crypto-related appointment by the US government. He argues that the cryptoverse is in safe hands as key players brace for sweeping regulations and policy changes.
Cardano Founder Douses Speculation For Crypto Role By US Government
As the US crypto regulatory landscape braces for changes, insiders say Hoskinson is in the offing for a White House crypto role by community members. A meeting with an unnamed VIP in Florida has sent tongues wagging that the Cardano founder could be in the thick of things in shaping US crypto policy.
However, Hoskinson has refuted speculation that he could be appointed to a crypto role, adding that “meetings do not imply endorsement. Hoskinson’s X post confirmed that a crypto role in the White House is not within reach at the moment.
Hoskinson added that he will not be making any comments on the topic of a crypto appointment unless he obtains new relevant information. Citing the cross-agency collaboration for crypto regulations, the Cardano founder argues that the industry has proper representation from experts and enthusiasts.
“At this juncture, further comments and speculation are both counterproductive and unnecessary,” said Hoskinson.
The Cardano founder is in pole position to attend the inaugural White House Crypto Summit on Friday but details are still sparse.
Stepping Up To Defend XRP Following Inclusion In Strategic Reserve
Cardano’s community is still buzzing from President Trump’s decision to include ADA in the Crypto Strategic Reserve. Amid the hype, the Cardano founder has waded in to defend XRP’s inclusion in the Strategic Reserve in the face of criticisms.
Hoskinson argues that the underlying technology of XRP is “great” and points to its community resilience in the face of a lengthy regulatory witchhunt. His comments come on the heels of scathing criticisms by Peter Schiff with XRP’s community expressing gratitude to Hoskinson for stepping up.
“XRP is great technology, a global standard, survived a decade through many harsh cycles, and has one of the strongest communities,” said Hoskinson.
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