Cardano founder Charles Hoskinson has addressed growing speculation surrounding ADA’s reported inclusion in the United States’ Strategic Crypto Reserve, stating he was unaware of the selection before it was publicly announced. 

In a livestream on March 5, Hoskinson clarified that neither he nor his team had been consulted about the decision and only found out through social media.

The controversy stems from an upcoming White House gathering on March 7, where cryptocurrency leaders are expected to discuss the future of digital assets in the United States. 

Hoskinson revealed that, despite ongoing engagements with policymakers and industry figures, he did not receive an invitation to the event and remains uncertain about the administration’s broader crypto policy.

“We knew nothing about ADA being selected for the reserve. It was news to me,” Hoskinson said, emphasizing that he woke up to over 150 messages congratulating him on something he had no prior knowledge of.

Hoskinson’s remarks highlight the often unpredictable nature of political and regulatory developments in the cryptocurrency industry. He criticized the lack of clarity and coordination in the government’s approach, noting that crypto firms frequently struggle to navigate an uncertain regulatory landscape.

Hoskinson used the opportunity to reiterate his stance on the importance of legislative action over executive orders. He stressed that lasting crypto regulation will come from Congress, not the White House, and urged the industry to focus on engaging with lawmakers who can create sustainable policies.

“The president signs laws; Congress writes them,” he said, pointing out that the real regulatory impact will come from bills like the Stablecoin Act and market structure legislation currently being debated in Washington.

Read more: Support and skepticism emerge following U.S. crypto reserve announcement

He also raised concerns about the slow-moving gears of government, explaining that multiple agencies—including the Treasury Department, SEC, and CFTC—would need to align on cryptocurrency definitions and standards before any meaningful regulatory clarity could be achieved.

Beyond the United States, Hoskinson stressed the importance of international cooperation, calling for regulatory discussions to include voices from global financial hubs like the UK, Switzerland, the UAE, and Singapore. He noted that many of these jurisdictions have already implemented clearer regulatory frameworks for crypto, while the US remains in a state of flux.

“I’ve spoken to regulators in Japan, the Middle East, Europe, and South America. This is a global industry, not just an American one,” he stated, emphasizing that Cardano’s vision extends beyond US borders.

While much of the discussion centered around the US government’s stance on crypto, Hoskinson reaffirmed his long-standing belief in decentralization. He argued that the true purpose of blockchain technology is to build financial systems independent of government control.

“We must never forget that cryptocurrencies exist so that we no longer need governments,” he said, cautioning against over-reliance on regulatory approval.

Read more: Will Bitcoin and altcoins surge or crash? Key events to watch