SEC Won’t Take Action Against Cardano: Charles Hoskinson

26. August 2023   |   by admin

• Charles Hoskinson, founder of Cardano, confirmed that the US Securities and Exchange Commission (SEC) has no plans to take action against Cardano.
• Regulations surrounding crypto have been the source of extensive discussion and speculation.
• Hoskinson compared Sam Bankman-Fried, former CEO of FTX, to „the Bernie Madoff of our generation.“

Cardano Founder Confirms SEC Will Not Take Action

Charles Hoskinson, founder of Cardano, recently stated in an interview that the United States Securities and Exchange Commission (SEC) has no plans to take action against Cardano. This news brings some relief as regulations for cryptocurrency projects spark extensive discussions and speculations across the industry.

The Regulatory Landscape for Crypto Projects

Regulations surrounding crypto projects have been a topic of much debate and speculation among investors and enthusiasts alike. Major exchanges such as Binance and Coinbase are being scrutinized by regulators, resulting in uncertainty about how specific digital assets will be approached by authorities.

Hoskinson’s Positive Engagement with SEC

In the interview with Charles Hoskinson, he mentioned his positive engagement with the SEC where they recognized Cardano’s commitment to compliance. He also noted that regulatory actions taken by the SEC against other crypto companies were more politically driven than based on securities regulations.

Sam Bankman-Fried as „Bernie Madoff“

Hoskinson likened Sam Bankman-Fried (SBF), who is the controversial founder and former CEO of now defunct crypto exchange FTX, to “the Bernie Madoff of our generation“. According to Hoskinson’s claims, a particular US political party which had received significant funding from SBF used to work towards forming cross-party regulations but is now reportedly accusing everyone in crypto space of wrongdoing.


While regulatory clarity still remains uncertain in certain areas concerning cryptocurrencies, it is reassuring to see a platform like Cardano engaging positively with authorities like the SEC and emphasizing its commitment towards compliance.