Cardano News: Charles Hoskinson Teases Game Plan

In recent Cardano news, founder Charles Hoskinson did not attend the Crypto Summit held in the White House as he was not invited.

He took to X to explain the situation, while subtly discouraging his followers and members of the Cardano community from hounding government officials on the social media platform.

Cardano Founder on Crypto Summit Boycott

Charles Hoskinson was quite positive that the new administration in the United States would seek his opinion about crypto policies and favorable regulatory framework for the growing industry.

Hoskinson literally pushed to get a place amongst leaders that will shape crypto regulation in America.

Some of his moves are attributed to him, including his meeting with US Senator Tim Scott and other banking officials to discuss crypto regulations.

Notably, these meetings may not have yielded the primary goal. That is to position him as a key contributor to US crypto policies.

Despite this, Hoskinson is focused on growing the Cardano community. He said,

“The most effective thing we can do as an ecosystem is focus on our ecosystem, its growth, and competitiveness.”

He also noted,

“…as events occur that give us the ability to engage, we will assess them on a case by case basis, but the direction is always clear: let’s grow Cardano while preserving its core philosophy of decentralization.”

Taking a Trip to Japan

Since the crypto conversations in the United States would be held without him, Hoskinson has decided to pivot. He did this by taking a trip to Japan.

While in the Asian country, he plans to meet up with members of the Cardano community as well as a few regulatory officials.

Hoskinson may have accepted the situation in good faith or not. He noted that there will be many ways and opportunities to participate in the regulatory conversation, both domestically and globally.

At the same time, the Cardano founder dismissed the notion that such meetings can significantly shape long-term crypto policy.

He believes Congress and administrative agencies still need to determine regulatory progress.

“The President signs the laws; the legislative branch writes the laws,” the Cardano chief noted.

He pointed to the ongoing efforts to pass a stablecoin bill, a market structure bill, and other crypto-related legislation.

“The vast majority of the sustainable, permanent action that will be done will be at the legislative branch level,” he said.

Cardano News: Is It Still a Favorite For Crypto Reserve?

Despite the high level of boycotts from other known leaders in the industry, this has not stopped the new administration from recognizing the top altcoins.

As reported in recent Cardano news, the native asset ADA was one of the coins picked to feature in the US multi-crypto strategic reserve.

XRP and Solana are also billed to make the US crypto reserve. This marks a strategic move to bolster domestic crypto innovation.

The selection of these coins is likely due to their significant ties to the United States.

For context, Ripple is a homegrown payments firm with headquarters in San Francisco. Solana is also a native US innovation.

Cardano, also an American protocol, has a global community. However, it maintains key partnerships and operations worldwide.

This suggests that the crypto policies and regulatory framework birthed from the upcoming crypto summit will favor all digital assets.