ADA founder surprised by ADA being included in US crypto reserve without consultation, price impact mixed.

From Cointelegraph

March 6, 2025 12:47:40 AM:

Cardano founder Charles Hoskinson was surprised to learn that US President Donald Trump included ADA in his proposed crypto reserve without consulting him. ADA’s price surged 76% following the announcement but dropped 30% the next day. Some criticized Trump for including assets other than Bitcoin in the reserve.

Hoskinson revealed that he and Cardano representatives haven’t received an invitation to the White House crypto roundtable scheduled for March 7. He emphasized the importance of collaboration across the industry for effective policy work and legislation. Hoskinson warned against treating crypto popularity as a contest and emphasized the need for serious collaboration.

Senator Tom Emmer and Representative Bryan Steil hosted a “Crypto Power Lunch” on March 5 to discuss digital asset policy initiatives and legislation. Attendees included representatives from crypto trade organizations, as well as corporate representatives from various well-known crypto companies.

Read more at Cointelegraph: Charles Hoskinson says he ‘knew nothing’ of ADA being selected for US reserve