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Cardano Gets Political Boost as Trump’s Aide Reveals ADA Investment
The world of cryptocurrency has just received a significant boost with the revelation that Thomas Thorgersen, a senior official in Donald Trump’s administration, has invested in Cardano’s native token, ADA. This unexpected move is being hailed as a major win for the platform and its supporters.
According to recent financial disclosures, Thorgersen listed his holdings in ADA within a bracket of $1,001 to $15,000. It is essential to note that these assets have not generated significant income, which is classified as either “None” or less than $201. Despite this, the inclusion of Cardano’s token on Thorgersen’s financial disclosure marks a groundbreaking moment for the platform.
The news comes in tandem with Nasdaq’s recent decision to add ADA to its cryptocurrency settlement index. This move has already drawn attention from lawmakers and regulators alike, further solidifying Cardano’s position in the cryptosphere.
Thorgersen’s profile has been on the rise since his appointment as Special Assistant to the President and Director of the White House Travel Office in January 2025. Prior to this, he worked at the Trump 2024 presidential campaign as director of strategic operations and Senior Director of the Republican National Committee.
It is worth noting that Thorgersen also holds Ripple’s XRP alongside his ADA investments, with a similar value range. In contrast, his investment in XRP has yielded a relatively better return, earning him income within the bracket of $2,501 to $5,000, according to recent financial filings.
In response to this news, Cardano founder Charles Hoskinson took to social media platform X to share his thoughts on the matter. His reaction was a humorous GIF, which many have interpreted as an indication that he is pleased with Thorgersen’s decision to invest in ADA.
As the crypto community continues to monitor these developments closely, it will be interesting to observe how this newfound interest from government officials impacts Cardano’s growth and popularity.
Source: www.crypto-news-flash.com
