The cryptocurrency community is quite optimistic about the U.S. Strategic Crypto Reserve, mainly because Donald Trump posted about it. TRUMP revealed the optimistic news that he and his team are working on the digital asset reserve, including Bitcoin, Ethereum, Solana, XRP, and Cardano. Adding to the enthusiasm, the White House’s first-ever crypto summit event will occur tomorrow. Global cryptocurrency leaders will present the crypto space in front of U.S. President Donald Trump and policymakers.

However, controversy erupted as the Cardano founder, Charles Hoskinson, was left out of the event. Meanwhile, the Solana co-founder Anatoly Yakovenko also presented controversial opinions. Collectively, it’s concerning investors about ADA and SOL involvement in the United States reserve.

Crypto Reserve News: Cardano Founder Absence Sparks Speculation

ADA was mentioned in Donald Trump’s Crypto Reserve news, increasing its price by 63% after the announcement. A controversy sparked today as the sources claimed the Cardano founder is invited with the rest of the industry leaders for the Crypto Summit.

However, Charles Hoskinson revealed that he was not asked for the cryptocurency event, where the reserve will be discussed. In the March 6 X broadcast post, Hoskinson revealed that he is under the assumption that he is not invited.

We did not get an invitation on Monday. We did not get an invitation on Tuesday. We did not get an invitation today on Wednesday. So I’m going to operate under the assumption I have not been invited to go to this gathering.

In the same broadcast, he also talked about Cardano’s inclusion in the United States cryptocurrency reserve, as he revealed that neither he nor his representative had been consulted about the ADA’s selection.

We knew nothing of ADA being selected for the reserve. It was news to me, he said.

This is alarming, as industry leaders like Michael Saylor, Brian Armstrong, and many others have been invited to Donald Trump’s cryptocurrency summit, raising speculation about the Cardano price performance and its position in the reserve.

Solana Co-Founder Strong Opposition to the Crypto Reserve

While Cardano news remains in limbo, Solana co-founder Anatoly Yakovenko has fueled the fire, opposing the U.S Strategic Crypto Reserve. In an X post, he revealed that he does not support a government-controlled reserve, as it fails the purpose of decentralization.

My reserve order of preference: 1. No reserve, because if you want decentralization to fail, you’d put the government in charge of it, Yakovenko remarked. He further argued that if a reserve must exist, it should be built on clear, measurable, and justifiable criteria rather than political influence.

This remark came after multiple reports suggested that Ripple pitched SOL for national reserve just to make the inclusion of XRP more legitimate. Such claims have also raised concerns over the transparency of the U.S. Strategic Crypto Reserve building.

Some even attributed the Ripple’s donations during the election campaigns and the meeting with Trump to drive the reserve’s decision-making.

Will Cardano & Solana Exit With This Controversial News?

The unexpected controversial news surrounding Cardano & Solana has raised concerns about their inclusion in the proposed cryptocurrency reserve. Critics argue that transparency issues and political agendas endanger ADA and SOLs’ reserve status and price performances.

Charles Hoskinson’s summit scenario and Anatoly Yakovenko’s criticism over the reserve show a hidden side of the political events. Now, the White House’s crypto event is being focused on to clarify these.

The post Will Cardano & Solana Exit Crypto Reserve? Controversial Event Sparks Concerns appeared first on CoinGape.

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Filed under: News - @ March 6, 2025 3:22 pm