Cardano Boss Opens Up About His Role in the White House

Bittime - Charles Hoskinson, founder Cardano (ADA), recently responded to circulating speculation regarding his possible role in the White House's crypto policy. In recent weeks, discussions about his involvement with the US government have increased, especially after his meetings with key figures in Florida. 

However, Hoskinson categorically denied the claims and provided a broader view on the future of crypto policy.

Speculation on Hoskinson's Role in the White House

Hoskinson came into the limelight after rumors suggested he might be appointed to a crypto policy-related position in the US government. This speculation was fueled by his meetings with the presidential transition team and other important figures. However, through his upload on the X platform, Hoskinson emphasized that the meeting did not mean official support or appointment for a particular position.

Source: X.com

He also stated that he would not provide further comments regarding this issue unless there was new relevant information. According to him, the crypto industry currently has sufficient representation from experts and industry players, so further speculation is considered unproductive.

Crypto Policy Amid Regulatory Changes

Hoskinson highlighted the importance of cross-agency collaboration in the development of crypto regulations. He believes that this collective approach will help create more inclusive and fair policies for the entire blockchain ecosystem. Additionally, he confirmed that he will attend the inaugural White House Crypto Summit this coming Friday, although details of the event are still scant.

Defending XRP and Blockchain Technology

Amid speculation regarding his role in the White House, Hoskinson also took steps to defend XRP following the asset's entry into the fold Crypto Strategic Reserve. He praised XRP's underlying technology as a global standard that has endured for a decade despite regulatory challenges.

According to Hoskinson, the XRP community showed extraordinary resilience despite being under prolonged pressure from regulatory authorities such as the SEC. This statement came after Peter Schiff's strong criticism of XRP, which then received appreciation from the XRP community for Hoskinson's support.

“XRP is a great technology with a strong community that has persevered through many difficult cycles,” said Hoskinson.

Read too XRP Price Predicted to Reach $5, Analyst Reveals Opportunities for Increase

Future Plans for Crypto Policy

Hoskinson also revealed his plans to strengthen involvement in US crypto policy through the creation of a dedicated policy office in Washington, D.C., by 2025. He plans to work with lawmakers and other industry leaders to push for clearer regulations and support the growth of the blockchain ecosystem.

According to him, Donald Trump's victory in the presidential election provides a great opportunity for the crypto industry to gain regulatory clarity. He is optimistic that pro-crypto policies can bring the global market to a value of $100 trillion and encourage widespread adoption by Fortune 500 companies.

Read too Latest Cardano Price Prediction: Can ADA Coin Break $15?

Conclusion: Hoskinson's Neutral Position

Charles Hoskinson emphasized that while he remains actively involved in crypto policy discussions, he is not pursuing a formal position in government. As CEO of Input Output (IOHK), he is committed to maintaining neutrality while still having a positive influence on the development of crypto regulations.

Strategic moves such as the creation of a policy office and cross-sector collaboration demonstrate its dedication to the future of the blockchain industry. With this approach, Hoskinson hopes to help create a more inclusive and sustainable crypto ecosystem.

FAQ

1. Will Charles Hoskinson be appointed to a position in the White House?

Hoskinson has denied speculation regarding his appointment to a crypto policy-related position in the White House, insisting that meetings with key figures do not amount to official endorsement.

2. What does Hoskinson say about XRP?

Hoskinson defended XRP following the asset's entry into the fold Crypto Strategic Reserve, calling it a great technology with a strong community that has persevered through various challenges.

3. What are Hoskinson's plans for future crypto policy?

Hoskinson plans to strengthen involvement in US crypto policy by creating a dedicated policy office in Washington, D.C., and working with industry leaders to push for clearer regulations.

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Reference

Aliyu Pokima, Cardano Founder Breaks Silence On White House Crypto Role Speculations, Accessed March 3, 2025

Author: IN