Cardano co-founder Charles Hoskinson is not invited to the White House Crypto Summit Friday, according to a White House source familiar with the guest list. 

“They are running around town trying to push their own sort of narrative,” the White House source said. “They are not involved in anything about trying to influence policy and they are not invited to Friday’s summit.” 

Hoskinson’s name was expected on the guest list for the Friday event after President Trump said that Cardano’s $35.6 billion token, ADA, would be included in a crypto reserve on Truth Social Sunday. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump said in the post. 

The ADA price spiked over 100% to a price of $1.14 on the news, before declining to a current price of $0.97. 

In fact, neither Hoskinson nor any representatives for Cardano have been invited to meet with the president since inauguration. Many in the crypto community had also taken X posts from Hoskinson in February to mean that he would be attending a fundraising dinner for pro-crypto PAC MAGA Inc. this past Saturday. 

On February 10th, Hoskinson said that he had a “VIP dinner” scheduled that had moved from February “22nd to the 1st,” mirroring the scheduled dates of the MAGA Inc dinner. Last Thursday, Hoskinson said he would “miss ETH Denver” because he “had to go to Florida for a thing.”

However, Hoskinson was not invited to the MAGA Inc dinner, according to the White House source. Hoskinson was also in Denver for an ETH Denver side event, according to a source who was present.

Representatives for Cardano did not respond to an immediate request for comment. After publication, Hoskinson confirmed on an X livestream that he had not been invited to the Summit and had only made “meaningful attempts” at engaging with the presidential administration on policy.

UPDATE March 6th 9:23 AM: This story was updated to include the confirmation from Hoskinson’s live stream.