• Charles Hoskinson, the founder of Cardano, recently confirmed that the United States Securities and Exchange Commission (SEC) will not take action against Cardano.
• The confirmation comes amid uncertainty in the crypto regulatory landscape as various projects are being scrutinized by regulators.
• Hoskinson positively engaged with the SEC and noted that their actions are more driven by politics than securities regulations.
Cardano Not Under SEC Investigation
A recent interview between Charles Hoskinson, Founder of Cardano, and a news outlet revealed that the United States Securities and Exchange Commission (SEC) has no plans to investigate or take action against Cardano. This was reassuring news for investors and enthusiasts alike amidst an uncertain crypto regulatory climate.
Crypto Regulatory Climate
In recent months, regulations surrounding cryptocurrencies have been under intense scrutiny as exchanges such as Binance and Coinbase have come under regulatory scrutiny. Investors have been actively seeking clarity on how specific digital assets such as ADA would be approached by regulators.
Positive Engagement with SEC
Hoskinson positively engaged with the SEC during his interview where they recognized Cardano’s commitment to compliance. He also mentioned that the SEC’s actions against crypto companies were more political than anything else; citing Sam Bankman-Fried (SBF) as an example – likening him to “the Bernie Madoff of our generation” due to his involvement with a US political party who previously worked across party lines when formulating crypto regulations but is now reportedly accusing everyone of wrongdoing.
Reassuring News for Crypto Community
The news from Hoskinson was reassuring for both investors and enthusiasts alike in this ever-evolving landscape of cryptocurrency regulation. His positive engagement with the SEC demonstrates Cardano’s commitment to compliance which should help alleviate some fears amongst those involved in crypto related activities within the United States.
Conclusion
The regulatory landscape surrounding cryptocurrencies is constantly changing and evolving; providing fresh challenges for those involved in activities related to digital assets like ADA. The confirmation from Charles Hoskinson that there are currently no plans from the US government’s financial regulator, the SEC, to take action against Cardano is a welcome reassurance for all stakeholders involved in this space.