Cardano Founder Rejects El Salvador’s Bitcoin Proposal
Charles Hoskinson, Cardano’s founder, declined El Salvador’s crypto proposal over legal concerns, impacting Bitcoin policy.
- Cardano’s rejection leaves El Salvador focused solely on Bitcoin.
- No Cardano funds or tech were involved.
- Cardano’s ongoing DeFi initiatives remain unaffected.
Charles Hoskinson, founder of Cardano, rejected El Salvador’s cryptocurrency proposal in 2021 due to legal concerns involving gang associations.
El Salvador’s Invitation and Cardano’s Rejection
El Salvador invited Cardano in 2021 to aid in nationwide crypto adoption. Charles Hoskinson, founder of Cardano, declined, citing legal concerns related to potential gang links. According to Mikhail Bernard’s Profile on X, these legal concerns were significant factors in his decision.
El Salvador’s campaign centered on Bitcoin, excluding Cardano. No Cardano-related assets were adopted or integrated into El Salvador’s crypto policy. El Salvador’s focus remained on Bitcoin, supported by President Nayib Bukele’s pro-BTC stance. Cardano’s decision saw no direct financial impact, with its DeFi initiatives expanding independently. President Bukele issued no formal acknowledgment of Cardano’s withdrawal. The situation underlines the complexities of national cryptocurrency adoption amid compliance issues.
Charles Hoskinson, Founder, Cardano, “When asked about business requirements and legal safeguards, Salvadoran officials reportedly responded by pointing to President Bukele’s Facebook speeches.”
Past parallels indicate single-chain solutions, often excluding broader crypto partnerships. Furthermore, Signisant discussions can also be followed through platforms like TradingView’s Official Page on X.
More From Crypto News
Binance Reportedly Faces U.S. Investigation Over Iran-Linked Trading
S. prosecutors are reportedly examining Iran-linked trading activity on Binance, according to a report from CryptoPotato, adding a fresh layer of regulatory pre...
Cardano Integrates x402 as ADA Gains 6%
The Cardano Foundation announced on September 21, 2026 that Cardano is now part of the official x402 payment protocol SDK, enabling any application or AI agent...
Animoca Brands Pauses Currenc Merger Plan
Animoca Brands has paused its proposed merger with Currenc, a deal that would have served as the Web3 gaming and investment company’s route to becoming a public...
Aave Borrowing Limit Proposal Puts Bitcoin-Backed Loans at Risk
A governance proposal under discussion on Aave could tighten maximum borrowing limits for Bitcoin-backed positions, and analysts warn that even a 4. 7% decline...
SoFi Bank, Mastercard Launch Stablecoin Settlement Network
Traditional card payments split into two phases: authorization happens in milliseconds, but final settlement, the actual transfer of funds between financial ins...
Bitcoin Nears $86,000 as Spot Taker Flow Turns Positive
Bitcoin touched $86,117 on Monday, more than 10% above the prior Sunday’s close, as on-chain analytics firm Glassnode flagged a meaningful shift in exchange spo...
