- Cardano Founder Charles Hoskinson Heads to DC.
- This suggests his participation in the US Strategic Reserve discussion.
- What decision will the US come to after these discussions?
The US is making great strides in accomplishing Trump’s vision of establishing the country as a global crypto hub, with the latest feat involving a Strategic Reserve discussion with reputed industry experts. To highlight, Cardano Founder Charles Hoskinson heads to DC, suggesting his possible participation in the Bitcoin Reserve discussions held by Trump’s administration. Who else will attend this historic session?
Cardano Founder Charles Hoskinson Heads to DC
The US, under Trump’s ongoing Presidency, has made significant shifts in the crypto side of things since his administration took office. This is a good sign as it shows that Trump is working towards fulfilling all his promises to the crypto community since his campaigning efforts, where he made several vows to the crypto community. This included firing Gary Gensler and starting a crypto reserve.
Now, months into his term, Trump has met most of the promises he made to the crypto community. He began by ensuring that Gensler resigned and replaced him with a pro-crypto candidate as the SEC Chair. Since then, several crypto firms have seen all their hurdles with the SEC come to a close. Trump also signed several policies that eased and offered clear regulations for crypto.
Despite all these moves, the move that brought the most attention was the fact that he signed the formation of an official US Strategic Crypto and Bitcoin Reserve. This move revealed that the US would hold a crypto reserve and a stockpile. The announcement was followed up by a detailed report revealing how much crypto the US currently hold, definitions of the reserve and stockpile and the entity’s next moves.
US Holds Historic Strategic Reserve Discussions
Previously, before the announcement was made, Trump met with industry experts to hear their thoughts on the matter. These experts included, Michael Saylor, who encouraged Trump tp hold 20% of the total BTC supply to ensure stability and security amidst the ongoing BTC accumulation race. Despite the advice, the US is still yet to actively start buying Bitocin (BTC) or any other crypto asset.
As we can see from the post above, Strategic Reserve discussions are still ongoing, and Charles Hoskinson announced that he would be in DC later today. Is this a sign that Hoskinson will partake in the discussions as well? He has already made it clear how he would like to assist the US in making the best of its reserve. What will he reveal during this discussion, and how will the US decide?
