Charles Hoskinson Confirms SEC Will Not Pursue Cardano

In a recent discussion, Charles Hoskinson affirmed that the U.S. Securities and Exchange Commission (SEC) has no intention of pursuing legal measures against Cardano. This confirmation comes as a relief, especially given the current ambiguous state of cryptocurrency regulations.

Debates and conjectures about crypto regulations are widespread.

While projects like Binance and Coinbase are under close examination, investors and crypto enthusiasts are eagerly searching for information on how authorities are treating specific digital currencies, including ADA. During the discussion, Hoskinson, the originator of Cardano, indicated that his interactions with the SEC have been positive, noting that the regulatory body acknowledges the platform’s commitment to abide by the rules.

Hoskinson also stated that political considerations, rather than actual securities regulations, are motivating the SEC’s actions against cryptocurrency companies.

The central issue behind all this, according to him, stems from the actions of Sam Bankman-Fried (SBF). He compared SBF, the notorious founder and ex-CEO of the now-collapsed crypto exchange FTX, to “the Bernie Madoff of our era.”

Additionally, Hoskinson alleges that a U.S. political party, which received substantial financial backing from SBF, is altering its stance. He specifically pointed out that the party, which once collaborated across political lines to create crypto regulations, is now apparently accusing all parties of misconduct.

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