Ripple Lobbied Trump to Include SOL in Crypto Reserve, Cardano Founder Reacts

• Cardano founder Charles Hoskinson clarified that he was unaware of ADA’s inclusion and confirmed that he isn’t going to the White House Crypto Summit.
• Anatoly Yakovenko, co-founder of Solana, voiced strong opposition to a federally controlled U.S. Strategic Crypto Reserve.

As per the latest report from Unchain, sources familiar with the matter stated that two Ripple executives, including CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, pitched to US President Donald Trump for the inclusion of Solana (SOL) as part of the strategic US crypto reserves.

The sources said that this gave Ripple more legitimacy as SOL inclusion showed that the blockchain firm was advocating for a crypto reserve comprising other digital assets. Furthermore, Cardano founder Charles Hoskinson has also weighed in on the development.

Following Trump’s announcement on crypto reserves last Sunday, the wider crypto community has shown discomfort over including XRP, SOL, and ADA, which are not seen as a store of value. Some have also questioned whether this crypto reserve is a serious project and would accumulate a large amount of these tokens using the taxpayer’s money. While commenting on the developments, Cardano founder Charles Hoskinson has stated that he was not aware of Trump’s plan to include ADA as US strategic reserves.

Will Cardano Be Out of US Crypto Reserves At Crypto Summit?

As per the decentralized predictions market Polymarket, the Polymarket odds on any of these assets being in a U.S. reserve currently only show Bitcoin above 50% (at 64%), with Ethereum second highest at 42%, and XRP and SOL neck and neck at 29% and 28%, respectively. There is no ADA reserve contract on Polymarket.

On the other hand, the crypto community is eagerly awaiting the developments at the first official White House Crypto Summit scheduled on Friday, as highlighted in our previous article. On whether Ripple Labs lobbied for having XRP as part of US strategic reserves, Cardano founder Charles Hoskinson clarified that he wasn’t aware of Trump’s plan to include ADA as well.

He stated that neither he nor any representatives from Cardano had received an invitation to the White House Crypto Summit as of now. This has led to growing speculation whether Trump would boycott ADA as part of strategic reserves tomorrow at the March 7 event. Not only ADA but top crypto industry leaders have voiced their opinion against the inclusion of altcoins. Gemini exchange co-founder Tyler Winklevoss stated:

I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar and that digital asset is Bitcoin.

Solana Co-Founder Calls for No Strategic Reserves

Solana co-founder Anatoly Yakovenko has firmly opposed the concept of a U.S. Strategic Crypto Reserve, asserting that government oversight of digital assets could threaten decentralization. As an alternative, he proposes that individual states, rather than the federal government, manage their own Strategic Reserves. He argues that this approach could serve as a safeguard against potential missteps by the U.S. Federal Reserve, as noted in our last news story.