Cardano’s Charles Hoskinson is not attending the White House Crypto Summit this Friday, and neither is anyone representing Cardano invited, nor have they ever met with anyone from the Trump administration. This comes after speculation that Charlie would be at the event following Donald Trump’s announcement that ADA, the $35.6 billion token behind Cardano, would be part of a planned US Crypto Reserve.
Unchained Crypto published an unverified claim yesterday saying that an alleged White House source told them that: “The Cardano team are running around town trying to push their own sort of narrative. They are not involved in anything about trying to influence policy, and they are not invited to Friday’s summit.”
We reached out to Charlie for a comment, but he hadn’t responded by press time. Though we were on his X livestream yesterday where he confirmed that he indeed wasn’t invited to the White House summit.
Japan https://t.co/peiPttXCpE
— Charles Hoskinson (@IOHK_Charles) March 6, 2025
Trump’s crypto reserve announcement via Truth Social directly mentioned ADA, which sent its prices surging by over 100% on the news, hitting $1.14 before correcting to $0.97.
Investors rushed in, speculating that Trump’s backing could give Cardano more legitimacy in US regulatory circles. But despite the market reaction, Charles was not part of any discussions about the reserve.
He has never lobbied Trump on crypto policy, nor has he been invited to discuss Cardano’s role in the proposed reserve.
But the White House summit isn’t the only event that Charles was shunned from. In early February, he made a post on X saying that he had a “VIP dinner” scheduled, but the date had changed from February 22 to March 1.
This timing aligned with the MAGA Inc. dinner, a high-profile fundraiser supporting Trump’s pro-crypto political action committee, which happened on Saturday.
But just days before the event, Charles posted that he would “miss ETH Denver” because he had to “go to Florida for a thing.” Many in the crypto community assumed this meant he would be at the MAGA Inc. dinner.
But as it turns out, Charles was never invited. Instead, he was spotted at an ETH Denver side event, contradicting the Florida speculation.
Charles has a controversial reputation in the crypto industry
Charles has always been a polarizing figure. His approach to building Cardano has earned him both strong supporters and vocal critics in the crypto community.
Unlike Ethereum or Solana, Cardano was built using academic research and peer-reviewed engineering, a method that has made its development slower but more methodical.
Critics say that Cardano is a “zombie chain,” lacking real-world adoption and lagging behind competitors. Charles has hit back, calling his detractors the “paint chip brigade” and even running an X poll last November asking, “Am I cancer for Cardano?” Out of 50,501 votes, 51.6% answered ‘Yes.’
Despite all the drama, Charles has continued to fund a ton of crypto and web3 projects with his estimated $1.2 billion net worth, and interests ranging from blockchain advancements to glow-in-the-dark plants and even extraterrestrial research.
Charles is also known for mockingly calling out industry elites, journalists, and even regulators. His blunt, no-filter communication style has kept him at the center of crypto debates, but it hasn’t necessarily helped him gain allies, specifically his fellow Ethereum alum Vitalik Buterin.
Last year, Charles initially backed Robert F. Kennedy Jr. for president, saying that US leadership doesn’t understand the crypto industry. “The American people deserve better leadership than what is currently offered,” he said.
In 2024, before Trump won, Charles also introduced a “Bill of Rights” for crypto users, proposing legal protections around taxation, consumer rights, and asset classification.
In November, he also announced “Operation Baseline,” a campaign to identify inefficiencies in the US crypto market and propose real legislative fixes.
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