Charles Hoskinson, co-founder of Cardano, recently responded to a significant disclosure involving Thomas Thorgersen, Special Assistant to President Donald Trump.
As part of his financial disclosure, Thorgersen revealed that he holds cryptocurrencies, including XRP and Cardano.
The revelation, made public via a filing on the official White House website, attracted the crypto community’s attention. Hoskinson shared an admiring remark via a playful GIF on X as Thorgersen disclosed holding ADA tokens.
This disclosure adds a new layer to the ongoing relationship between the crypto industry and U.S. political figures.
https://t.co/wVuU5tIcg8 pic.twitter.com/BXgVKxX2tv
— Charles Hoskinson (@IOHK_Charles) June 17, 2025
Thorgersen’s Crypto Holdings
In his financial disclosure, Thorgersen indicated that he holds XRP, valued between $1,001 and $15,000. His XRP holdings have also generated income, ranging from $2,501 to $5,000.
Notably, his ADA holdings fall within the same financial range—between $1,001 and $15,000. However, there has been no significant income generated from his ADA assets, with income reported as “None” or less than $201. These figures suggest that while Thorgersen holds ADA, it has not yet yielded a major return.
Connections to the Trump Administration
Before joining the Trump administration in January 2025, Thorgersen played a key role in the 2024 presidential campaign, serving as the director of strategic operations. He also held a position at the Republican National Committee.
His background in strategic operations and close ties to the Trump campaign provided the foundation for his appointment as Special Assistant and Director of the White House Travel Office.
Thorgersen’s crypto holdings come as digital assets are gaining traction among political figures in the United States.
Trump’s Crypto Involvement
Specifically, the disclosure follows a broader development involving President Donald Trump’s stance on digital assets. Earlier in March, Trump proposed the creation of a national crypto reserve that could include five major cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano. This proposal caused an uptick in the prices of these assets.
Meanwhile, Trump also recently revealed some of his own crypto holdings, which he made public around the time of his 79th birthday.
It’s worth mentioning that in the executive order Trump signed, the government seeks to buy and hold only Bitcoin in the national reserve. Other altcoins like XRP and ADA would be in a national stockpile. They will be acquired through forfeitures, with no effort to purchase more.
Interestingly, legal experts like Fred Rispoli have argued that Trump does not need congressional approval to add XRP and ADA to the U.S. crypto reserve.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
