Charles Hoskinson, Cardano’s Founder, revealed that his crypto project was included in the proposed strategic crypto reserve without his knowledge.
Last week, Donald Trump announced an executive order directing his digital assets team to set up a strategic reserve for XRP, Cardano, and Solana.
Cardano’s founder revealed that the decision was made behind his back, triggering speculations of dirty lobbying in the strategic crypto reserve debate.
Laura Shin, founder of Unchained Crypto, highlighted the situation, revealing that Brad Garlinghouse of Ripple lobbied for Cardano’s inclusion to shore up legitimacy for XRP’s inclusion in the Crypto Reserve.
This aligns with earlier speculations that Brad Garlinghouse, CEO of Ripple, was lobbying the White House for a strategic XRP reserve at the expense of Bitcoin.
Ripple Labs has faced harsh criticism from the crypto community. Many critics state that its XRP token is too centralized compared to Bitcoin.
For years, the XRP token has been criticized as a largely speculative asset with insufficient usage to justify its $145 billion market capitalization.
Laura Shin’s revelations give more credence to Ripple Critics while leaving a huge question mark over the true motives behind Donald Trump’s Pro Crypto March.
White House Crypto Summit Slated for Tomorrow
President Donald Trump is set to host the first-ever White House Crypto Summit tomorrow. At the time of the report, the official agenda to be discussed remains undisclosed.
The crypto summit follows an announcement of a proposed US strategic cryptocurrency reserve featuring XRP, Solana, and Cardano.
The workability of this Crypto reserve might be a central talking point at the summit.
Attendees, including Ripple CEO Brad Garlinghouse and MicroStrategy’s Michael Saylor, may push for clarity on how this reserve would function and its implications for market stability.
Another possible talking point for the summit is regulatory clarity, with the White House AI and Crypto Czar David Sacks also in attendance.
Other notable attendees include Crypto founders and executives with substantial influence in the Crypto community.
