Cardano (ADA) founder Charles Hoskinson expressed surprise and frustration when he discovered that the ADA had reached the proposed US National Cryptocurrency Reserve by President Donald Trump.
Certainly, given that Cardano was chosen for the initiative, it was a surprise that Hoskinson was removed from the White House Crypto Summit on March 7th.
Hoskinson said that Cardano’s ADA will be included in the proposed sanctuary, and will wake up to congratulatory messages on March 2, but he was not consulted until the official announcement that he “don’t know what the heck is going on.”
He furthermore, he never showed up, no one spoke to us, “We didn’t even know about it,” he said, he wrote on social media.
Former President Donald Trump officially proposed a US cryptocurrency reserve on March 2, adding Bitcoin (BTC) and Ether (ETH) to a list of clear options to include as part of the spare.
However, some assets, such as XRP (XRP), Solana (SOL), and Cardano (ADA), have shocked the crypto community.
The proposal has sparked controversy, with some analysts claiming that Altcoin’s inclusion suggests that the US government has been playing a long game with regulations, deviating from the traditional Bitcoin-first institutional push.
In a new development in the ongoing debate, JP Morgan analysts told the Block there was unlikely a strategic US crypto protected area.
Analysts further believe that XRP, SOL and ADA are difficult to include due to risk and volatility concerns.
This statement from the bank has repeatedly skeptical about the broader adoption of alternative tokens into government reserves, confirming that if government reserves expand, it will likely include only BTC and ETH if an expansion into the blockchain occurs.