Cardano in the sights of the SEC? Hoskinson sheds light

The Securities and Exchange Commission (SEC) is tightening its grip on crypto-assets, leaving uncertainty over the future of various projects. Could Cardano be the next target of this regulatory attention? Its founder, Charles Hoskinson, strives to reassure the community by shedding light on the issues.

Crypto: An ambiguous regulation

In recent months, the SEC has been increasing its offensives aimed at regulating cryptocurrencies. She criticizes several exchange platforms for authorizing transactions in unregistered assets, potentially comparable to financial securities.

In the crosshairs of this authority, we find names as prestigious as XRP, Binance Coin or Cardano.

This attitude raises questions in many respects. By classifying certain assets in the securities category, the SEC sometimes seems to exceed its prerogatives and causes some confusion through its lack of clarity.

Which projects are really threatened? The SEC recently alleged that 13 of the 240 digital assets available on Binance and Coinbase are unregistered securities.

Hoskinson’s Enlightenment

The founder of Cardano, meanwhile, protests against these ambiguous measures which seem to penalize innovation. Faced with specific rumors targeting the ADA token, Charles Hoskinson spoke at a interview and took a categorical position: the SEC is not targeting Cardano. Unlike Ripple, this protocol has not been subject to “any enforcement event” from the US stock exchange regulator.

Nevertheless, it is necessary to maintain some caution. The CEO of Coinbase even evokes the worst-case scenario, either the withdrawal of ADA from trading platforms.

However, Hoskinson pushes back against such alarmist speculation. According to him, talking about an SEC offensive against Cardano is pure fantasy.

A future in suspense

The Cardano leader isn’t the only one to temper concerns. Ripple’s partial victory in court has breathed new life into some players in the field. This outcome demonstrates that the SEC does not have absolute power. However, caution remains essential. As long as the regulatory framework remains imprecise, the threat will hover.

Thanks to the clarifications provided by Hoskinson, Cardano seems to be sheltered, at least temporarily. However, the sustainability of this lull remains uncertain. In order for the blockchain to reach its full potential, intelligent and concerted regulation appears more crucial than ever. So the cryptosphere is holding its breath. In the meantime, things are changing on Solana’s side with the arrival of the digital euro on its blockchain.