Cardano founder accuses SEC of favoring Bitcoin, Ethereum
Charles Hoskinson, the founder of Cardano, recently made serious accusations against the United States Securities and Exchange Commission (SEC) during a QA session. He claimed that the SEC has unclear rules and inconsistent enforcement standards when it comes to regulating cryptocurrencies, particularly showing clear favoritism towards Bitcoin and Ethereum. Charles Hoskinson further criticized the SEC for relying on enforcement rather than legislative action to establish policies, emphasizing the need for legislative bodies to establish clear rules and regulations. He pointed out that existing laws were established decades ago and may not fully address the complexity of the rapidly developing cryptocurrency field. He expressed dissatisfaction with the SEC's classification of decentralized assets and demanded a clear distinction between Bitcoin, Ethereum, and Cardano. He also believed that the "team orange" receiving a "complete pass" was a "sad joke."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump team: Cabinet nominees have received violent threats in recent days
DIA launches testnet for Lumina, a new modular oracle
Lumina introduces transparency and permissionless integration via an OP stack-based optimium, challenging traditional oracle designs
Non-USD stablecoins can spur adoption: Report
Are Charles Schwab spot crypto ETFs coming?
The conditions Charles Schwab is waiting for before jumping headfirst into crypto could take shape soon