Cardano has lost $15B since Trump reneged on Strategic Reserve promise
On March 2, President Donald Trump promised to include Cardano (ADA) in his administration’s Crypto Strategic Reserve. As one of the lucky five assets that conveniently mirrored a David Sacks-backed fund, ADA rallied 58% within 90 minutes of that news. Trump’s surprising blessing of ADA alongside XRP and SOL showed that Trump was pro-altcoin and disregarded the Gary Gensler-led SEC’s designations of these assets as unregistered securities. Devastating to bitcoin (BTC) maximalists, it proved that Trump didn’t seem particularly concerned with distinguishing BTC from other digital assets. It also proved that politics pays. Ethereum Foundation ex-CEO and Cardano founder, Charles Hoskinson has been very active in public affairs. Within the past year, Hoskinson has created a Political Action Committee, endorsed a US presidential candidate, donated to a Senate election campaign, and attended many political galas and meetings alongside Trump’s allies. However, Hoskinson recei...