In a move that shocked many people in the industry, Cardaon was ruled out from the first White House Crypto Summit this week, as ADA founder Charles Hoskinson responded. In fact, Hoskinson confirmed the snub on Thursday’s broadcast.
The summit itself is poised to become one of the most important moments for the US cryptocurrency market. The rally will mark US President Donald Trump’s first Bitcoin reserve strategy in the country. Additionally, the direction and trajectory of the administration’s crypto policy must be set in the future.
Charles Hoskinson checks WhitehauScript Summit Snub for Cardano
Since taking office in January, the Trump administration has been trying to completely rethink the country’s crypto approach. Certainly, it embraces asset classes and defends a favorable position for the country’s financial future. This week we plan to take that one step further with our first White House Crypto Summit.
The rally was expected to see the most notable leaders in the industry, but there is no one name. Specifically, Cardano has been removed from the White House Summit as founder Charles Hoskinson responded to the incredible snub.
“There were no invitations on Monday, there were no invitations on Tuesday,” the founder said. After confirming that he had not received it, Hosking said “I will operate under the assumption that he has not been invited to go to this gathering.” However, he downplayed the importance of the summit to those involved.
Hoskinson points out that he doesn’t think meaningful policy changes will be discussed. In recent years he has worked with legislative brands and with lawmakers. His absence therefore led to his belief that the effects were somewhat exaggerated. Still, its existence must be a major factor for the optics of management. Specifically, it is about the asset class and its pioneer’s willingness to stand in the future.
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