Cardano (ADA) founder Charles Hoskinson does not appreciate the US Securities and Exchange Commission (SEC) lawsuit against Ripple.
In an interview earlier this week with BitBoy Crypto, Cardano founder Charles Hoskinson was quite supportive of Ripple in its battle with the SEC, arguing that regulators should not be working on a case-by-case basis (in this case XRP), which, he says, causes investors to constantly live in “fear”.
In addition, Charles Hoskinson also said that the SEC is still not really clear and open in the process of working with crypto companies, although they have mentioned many times that all crypto platforms must be registered. with the governing body. Specifically, the case of Coinbase’s crypto lending product had to be stopped due to pressure from the SEC.
Commenting on the above issue, the founder of Cardano shared:
“It’s just an example of what happens when you do regulation through enforcement instead of legislation… You should have clear, understandable standards. And there should be a clear process for people to adhere and comply with those standards.”
Regarding the long-running litigation between Ripple and the SEC, at the end of April 2022, the executives of Ripple Labs and the SEC finally came to a decision to accept the extension of the schedule and delay the lawsuit until the end of 2023.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Disclaimer:Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.