Charles Hoskinson facing multiple types of allegations related to Crypto Strategic Reserve (CSR). Some people claim it was potentially a big insider trading game.
Summary
- Charles Hoskinson says he was not aware of the $ADA coin inclusion in CSR.
- FUDsters claim Cardano is not a US-based crypto project.
- Hoskinson defended FUD with multiple facts.
Cardano is a popular Proof-of-Stake (PoS) crypto network known for its scalable & stable blockchain operations. Charles Hoskinson is the core leader of this crypto project, founded & launched Cardano in 2017 without using any Venture Capitalists (VC) investment to make the distribution of $ADA coin transparent in the whole crypto space. Hoskinson never uses any kind of publicity stunt to grab attention, instead remaining engaged in serious blockchain-related development activities with his crypto team.
As we know, recently, US President Donald Trump announced the Crypto Strategic Reserve (CSR), an official approach to crypto investment to fight against the increasing economic debt pressure on the country. Trump specially mentioned the inclusion of Bitcoin, Ethereum, $XRP, $ADA, & $SOL coin in CSR.
Following the announcement of the Crypto Strategic Reserve (CSR), many people showed their opposition to not considering their favourite Cryptocurrencies.
Some people claimed that Cardano founder Hoskinson was already in talks with US government officials to include the $ADA coin in CSR.
A Crypto X user shared a year-old video of the Cardano founder where he talked about his potential plans to work with US government officials regarding crypto policies & adoption.
Some crypto influencers claimed that potentially some selected number of people were involved to make money with such inside information. However, there is no evidence against Cardano’s founder regarding such allegations, but critics are not missing any chance to pass negative comments against him.
On 6 March, Hoskinson talked about the inclusion of the $ADA coin under CSR and said that he was totally unaware of this before Trump’s announcement regarding CSR.
Cardano founder also confirmed that so far, he or any Cardano representative had not received an invitation to the White House Crypto Summit, despite the inclusion of $ADA in CSR.
A Cardano enthusiast said that probably Trump’s crypto team noticed the merits of the Cardano blockchain, which is why they selected the $ADA coin.
New FUD Around Cardano
Over the last couple of days, many Cardano critics started attacking the $ADA coin by calling it a non-US crypto project, as Hoskinson lives in Canada.
Hoskinson addressed such FUD & clarified that it’s true that he lives in Canada, but it doesn’t mean Cardano is a non-US crypto project.
$ADA Coin Price Action
The current trade price of the $ADA coin, the native token of the Cardano blockchain network, is $0.82 & this price level is 29% higher over the last 7 days of the trading period.
Read also: Ripple Launches National Cryptocurrency Association (Nca), Cardano ($ADA) Founder Backs It!
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