Posted by • Charles Hoskinson recently confirmed that the United States Securities and Exchange Commission (SEC) has no plans to take action against Cardano.
• The SEC’s actions against crypto companies are driven more by politics than securities regulations, according to Hoskinson.
• He likened Sam Bankman-Fried, the founder and former CEO of the now-defunct crypto exchange FTX, to “the Bernie Madoff of our generation.”
Charles Hoskinson Confirms SEC Will Not Charge Cardano
Charles Hoskinson, the founder of Cardano, recently confirmed in an interview that the United States Securities and Exchange Commission (SEC) has no plans to take action against Cardano. This news was reassuring amid the current uncertainty in the crypto regulatory landscape.
Regulatory Scrutiny of Crypto Projects
Investors and enthusiasts have been actively seeking clarity on how specific digital assets, including ADA, are being approached by regulators. Various projects, including exchanges like Binance and Coinbase, are being scrutinized by authorities around the world.
Root Cause Behind SEC Action
Hoskinson stated that a US political party that received significant funding from SBF is changing tact and accusing everyone of wrongdoing as a result of Sam Bankman-Fried’s (SBF) action – whom he likened to “the Bernie Madoff of our generation.”
Commitment to Compliance
Hoskinson also mentioned his positive engagement with the SEC where they recognized Cardano’s commitment to compliance. He added that regulations surrounding crypto have sparked extensive discussions and speculations due to these recent events.
Cardano’s Growing Popularity
The news from Charles Hoskinson is encouraging for Cardano investors who want greater clarity on how their asset will be treated by authorities going forward. As Cardano continues its impressive growth trajectory, it is likely that further regulatory actions may be taken in regard to this digital asset or other related projects in the future.