Cardano founder Charles Hoskinson is facing criticism following his remarks about HEX, PulseChain, and their creator Richard Heart.
Hoskinson's Comments on the SEC and Crypto Market
During an interview with FOX Business contributor David Gokhshtein, Hoskinson discussed the new Securities and Exchange Commission (SEC) and its chair, Paul Atkins. He elaborated on how the SEC might affect the crypto market. Hoskinson emphasized that while the enforcement division consists of civil servants, the Commissioners and the Chair are elected politicians. This implies that any changes in political leadership may take some time to reach the bureaucratic level.
Community Reaction to the Statements
Hoskinson's comments have sparked dissatisfaction within the community, particularly among crypto traders. A trader stated they would sell all their ADA tokens in protest of Hoskinson's remarks.
Potential Market Consequences
Hoskinson anticipates that the SEC will hold backdoor meetings with crypto firms facing lawsuits, leading to settlements. In some cases, the agency might also impose fines. These statements are expected to influence the crypto market and cause instability.
Hoskinson's remarks have sparked a broad discussion in the crypto community, underscoring tensions between regulators and crypto projects.
