Cardano founder Charles Hoskinson confirmed he was not invited to the White House Crypto Roundtable on March 7 by US President Donald Trump. While industry leaders and policymakers prepare for a four-hour event in Washington, Hoskinson heads to Japan where he meets with the Cardano community and regulators.
In his latest live stream entitled “Japan,” Hoskinson worked on the White House Summit and dismissed the notion that such conferences would significantly shape long-term crypto policy. “There were no invitations on Monday. There were no invitations on Tuesday. There were no invitations today, Wednesday,” he said regarding the X rumors.
The founder of Cardano goes to Japan
Hoskinson emphasized that while White House involvement is gaining attention, substantial regulatory advancements will be decided in Congress and administrative agencies, rather than in the well-known executive branch meetings.
“The President signs the law. The legislative department writes the law,” he noted, pointing to continued efforts to pass the Stablecoin bill, the Market Structure bill, and other crypto-related laws. “The majority of sustainable and permanent actions taken take place at the legislative branch level.”
The founders of Cardano also highlighted the complexities of cryptographic regulations and argued that deeper engagement is needed beyond a single White House meeting to define digital assets and establish legal frameworks. He quoted multiple us. Agents, including the NIST, SEC, CFTC, and the Treasury, must develop technical and legal definitions before federal crypto policy takes shape.
Hoskinson also referred to the challenge of defining “American cryptocurrency” in the proposed tax exemption context. He questioned how regulators classify assets such as Bitcoin and Ethereum, taking into account their global origins. “Is Ethereum an American code? Founded in Switzerland, the ICO originated in Switzerland, and the inventor is Canadian,” he said. “How about Bitcoin? I don't even know who the founder is.”
Beyond Washington, Hoskinson highlights the need for international regulatory adjustments, pointing to the long-standing regulatory regulation of countries such as Switzerland, the United Arab Emirates, the UK and Japan. He questioned whether US policymakers would incorporate these existing frameworks into their approach.
“It's a global industry, not just an American industry,” he said. “Where are the international regulators in this process? What about the UK FCA, Swiss Finma, Singapore Monetary Authority, or Japan's JFSA?
Hoskinson's travel to Japan is not tied to a single jurisdiction, but is consistent with Cardano's broader vision as a global blockchain network. Japan has been an important market for Cardano since its inception in 2015, with strong community support and regulatory involvement.
“Cardano is for the world,” he said. “That's why we were in Africa. That's why we went to Argentina for a constitutional treaty. And we're heading to Japan now.”
Hoskinson was critical of the crypto industry's tendency to focus on optics rather than substantive policy activities. He warned against treating regulatory involvement as a “popular contest” and dismissed the idea that the White House invitation would determine the long-term success of the project.
“If you're a bit of a believer that your cryptocurrency will work out because someone went to a vanity event, you're an idiot,” he said. “You're telling you that you absolutely don't know anything about how the US government works.”
He also noted the political volatility of crypto regulations, referring to past government actions against key players such as Coinbase, Kraken and Ripple. “Not too long ago, the US government was brutally attacking Coinbase, Kraken and XRP. Now all of a sudden, are you said Ada is part of a national reserve? That's a whiplash,” he said.
What's next for Cardano?
While US policymakers are debating crypto regulations, Hoskinson focuses on Cardano's development and adoption efforts. He outlined key priorities, including expanding Bitcoin's mandatory function in Cardano, implementing new governance mechanisms through Leios, advances in the Midnight Privacy Chain Project, and engaging with international regulators in Europe, the Middle East and South America.
Hoskinson also said Cardano's policy team will continue to work with lawmakers, reaffirming his commitment to long-term crypto policy involvement. However, he believes that regulation clarity will take years to achieve, requiring bipartisan cooperation and industry involvement.
“Cryptocurrency must be written in a way that stands the test of time, such as the Securities Exchange Act of 1933.
At the time of pressing, the ADA traded for $0.94.
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