- Charles Hoskinson suggests Cardano could join U.S. blockchain initiatives under Musk’s DOGE department, though no official plans exist yet.
- Federal adoption requires lengthy procurement processes, lawsuits, and legislative approvals, delaying potential Cardano integration.
Charles Hoskinson, recently suggested the blockchain platform could align with U.S. federal initiatives under Elon Musk’s advisory role. During a livestream, Hoskinson addressed speculation about Musk’s Department of Government Efficiency (DOGE) exploring blockchain adoption. While no official proposals exist, discussions focus on whether Cardano might integrate into future government systems.
Musk’s involvement in federal policy dates to his leadership of the DOGE initiative under former President Donald Trump. The department aims to modernize bureaucratic processes, though critics question corporate influence on public institutions.
Hoskinson asserted that Musk cannot unilaterally dictate government contracts, noting federal procurement requires lengthy reviews, legal challenges, and legislative approvals.
“Whenever that process comes, we’ll be there,” he stated, emphasizing Cardano’s readiness to compete.
The conversation follows years of regulatory friction. Hoskinson cited lawsuits against Coinbase, Kraken, and Binance, alongside banking restrictions on crypto firms. He stressed the need for clearer policies to foster industry growth. “The number one goal is to get rid of that environment” he said, advocating for a regulatory shift to accommodate blockchain integration.
Musk’s crypto intentions remain unclear. While he has publicly supported Dogecoin, Hoskinson speculated Musk’s platform X could launch a cryptocurrency wallet serving 500 million users. However, Musk has not endorsed specific blockchains like Ethereum or Solana.
Recent reports suggest the DOGE department is evaluating ledgers for tasks such as tracking spending or securing data. Sources claim Dogecoin representatives have informally contacted blockchain teams, though Cardano’s inclusion remains unconfirmed.
A cryptic social media post by Hoskinson added fuel to theories. He mentioned rescheduling a “VIP dinner” to early March, prompting speculation about attendees. When asked about the menu, he replied, “diet coke will certainly be on it.”
Observers linked the remark to Trump and Musk, both known for referencing the beverage. Trump once installed a “Diet Coke button” in the Oval Office, while Musk joked about quitting the drink on X.
ETHNews analysts caution that federal blockchain adoption faces hurdles, from technical compatibility to political scrutiny. While Hoskinson’s comments highlight Cardano’s ambitions, concrete steps depend on Musk’s undefined crypto strategy and evolving government priorities.
For now, the dialogue underscores blockchain’s growing intersection with public-sector modernization—a space where Cardano aims to compete, pending regulatory and procedural clarity.
The current price of Cardano (ADA) is $0.8012 USD, reflecting a 5.63% increase in the past 24 hours. Over the last week, ADA has declined by 1.72%, showing some short-term bearish pressure. However, in the past month, ADA has gained 20.7%, and over the last year, it has increased 27.6%, demonstrating strong long-term growth potential.
Cardano’s market capitalization currently stands at $28.79 billion USD, ranking it as the 9th largest cryptocurrency by market cap. The 24-hour trading volume is approximately $690.56 million USD, indicating steady liquidity and investor interest. The circulating supply of ADA is 35.92 billion tokens, out of a maximum supply of 45 billion tokens, ensuring long-term scarcity.
From a technical perspective, Cardano has been fluctuating within a 24-hour range of $0.7584 to $0.8109 USD. The key support levels to watch are $0.78 and $0.75 USD, which could act as buying zones. On the upside, resistance levels are found at $0.82 and $0.85 USD. If ADA successfully breaks through these resistance levels, it could push towards $0.90 to $1.00 USD in the coming weeks.
