Hoskinson Dismisses White House Crypto Role Amid XRP Defense

Cardano founder Charles Hoskinson has put to rest speculation he’s in the running for a crypto policy role in the U.S. government.

His recent meeting with a high profile individual in Florida had many thinking he might be advising the White House on digital assets.

However he’s taken to X (formerly Twitter) to say it’s all unfounded. He says meetings don’t equal endorsements and he has no plans to take on a government role.

Key takeaways from his statement:

  • No official offer or discussion has been made.

  • Cross agency crypto collaboration means industry is represented.

  • He won’t comment further unless new info emerges.

Though he’s not taking a government advisory role, Hoskinson is still engaged in regulatory discussions. He’s expected to attend the White House Crypto Summit on Friday but details are still scarce.

Hoskinson Defends XRP Despite Industry Skepticism

As the policy debates rage on, XRP’s inclusion in the U.S. Crypto Strategic Reserve has been a point of contention. While some industry figures like Peter Schiff have been critical of XRP’s inclusion, Hoskinson has come to its defense.

In a recent statement he said XRP is great technology, a global standard. It has survived a decade of market cycles and regulatory scrutiny. Its community is one of the strongest in crypto.

His comments were met with approval from the XRP community which has been fighting skepticism due to the SEC lawsuit against Ripple Labs.

Hoskinson’s remarks on XRP:

  • “XRP is great technology, a global standard.”

  • “It has survived a decade of market cycles and regulatory scrutiny.”

  • “Its community remains one of the strongest in crypto.”

His comments were well received by the XRP community, which has long battled skepticism due to the SEC lawsuit against Ripple Labs.

What’s Next for Cardano and U.S. Crypto Policy?

As regulatory pressure on digital assets increases, industry leaders like Hoskinson will continue to shape the narrative. Though he’s not taking a government role, his opinions still matter as the White House reveals new crypto policies.

With Cardano (ADA) now in the U.S. Crypto Strategic Reserve, Hoskinson’s focus is on blockchain adoption not regulatory politics.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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