The news, coupled with Donald Trump’s broader pro-crypto agenda, signals increasing institutional and governmental recognition of digital assets like ADA.
Cardano is once again in the spotlight and this time its from a political point of view. The Cardano community were caught off guard by a recent financial disclosure by Thomas Thorgersen, Special Assistant to U.S. President Donald Trump.
The report, filed on the official White House website, revealed that Thorgersen holds two prominent cryptocurrencies: XRP and ADA.
Notably, this development has been notable not only by the Cardano community but also to the renowned project’s co-founder Charles Hoskinson.
In a light-hearted response, Hoskinson shared a GIF on X reacting to the news of Thorgersen’s ADA holdings with playful admiration. It is a step foward as growing relevance of cryptocurrency not only among retail and institutional investors but now increasingly among U.S. political insider.
According to the filing, Thorgersen owns between $1,001 and $15,000 worth of ADA. Although the disclosure notes no substantial income from his ADA investment, recording either “None” or less than $201, it still marks a significant endorsement from a White House official.
His XRP holdings fall within the same value range but have reportedly generated between $2,501 and $5,000 in income.
It goes without saying that cryptocurrencies like Cardano and XRP are becoming part of the financial portfolios of key political operatives. With Thorgersen’s deep ties to the Republican establishment, including his previous role as Director of Strategic Operations for Trump’s 2024 campaign and a position at the Republican National Committee, his investment decisions carry weight beyond the crypto market.
This news dovetails with recent pro-crypto moves from former President Donald Trump, who returned to office in January 2025. Earlier this year, Trump proposed establishing a national cryptocurrency reserve comprising leading digital assets including Bitcoin, Ethereum, XRP, Solana, and Cardano.
Although the finalized executive order mandates that the government will actively buy and hold only Bitcoin, Trump’s administration aims to acquire altcoins like XRP and ADA through asset forfeitures. These assets will be stored in a national stockpile, not for market intervention but as part of a broader digital asset reserve strategy.
Legal experts like Fred Rispoli have pointed out that Trump may not need congressional approval to include these assets in national reserves — raising the stakes for projects like Cardano that could soon be indirectly supported by federal mechanisms.
Cardano’s inclusion in both Thorgersen’s portfolio and Trump’s broader crypto vision represents a political boost for the project. While ADA’s price may not have seen immediate gains from the revelation, the long-term implications could be substantial, especially as the lines between crypto and politics continue to blur in Washington.
