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Cardano Gets Political Boost as Trump’s Aide Reveals ADA Investment
The recent revelation by Thomas Thorgersen, a senior official in the Donald Trump administration, has sent shockwaves through the cryptocurrency community. According to official financial disclosures filed through White House channels, Thorgersen has personally invested in Cardano’s native token, ADA.
This unexpected move marks the first instance of Cardano’s ADA being included in the financial records of a high-profile U.S. government official. The disclosure comes on the heels of Nasdaq adding Cardano’s ADA to its cryptocurrency settlement index, a development that has already raised eyebrows within the crypto sphere.
As per the filed documents, Thorgersen’s holdings in ADA fall within the bracket of $1,001 to $15,000. It is essential to note that these assets have not generated significant income, which falls under the category of either “None” or less than $201.
The revelation has sparked widespread interest and attention from lawmakers and regulatory bodies, as it marks a first in the history of political finances. Thorgersen’s profile within Washington circles 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 held positions at the Trump 2024 presidential campaign as director of strategic operations and senior director at the Republican National Committee.
Interestingly, Thorgersen also holds Ripple’s XRP token, with a value roughly equivalent to his ADA investment. Notably, XRP has yielded better returns for him, generating between $2,501 and $5,000 in income, according to the latest filing.
The implications of this development are far-reaching and potentially significant for the cryptocurrency market.
Source: www.crypto-news-flash.com
