Cardano Founder Set to Testify Before House Committee Overseeing CFTC

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Tomi­wabold Olajide

Car­dano founder recent­ly uploaded pho­to of his seat while wait­ing for hear­ing to start in earnest

Car­dano founder Charles Hoskin­son is appear­ing before the U.S. House of Rep­re­sen­ta­tives Com­mit­tee on Agri­cul­ture, Sub­com­mit­tee on Com­mod­i­ty Exchanges, Ener­gy, and Cred­it today, June 23.

The Car­dano founder recent­ly uploaded a pho­to of his seat while wait­ing for the hear­ing to start in earnest. Hoskin­son will pro­vide tes­ti­mo­ny and respond to inquiries from com­mit­tee mem­bers dur­ing the hear­ing, called “The Future of Dig­i­tal Asset Regulation.”

The Com­mit­tee on Agri­cul­ture over­sees the Com­mod­i­ty Futures Trad­ing Com­mis­sion (CFTC) and was estab­lished in 1820 with a focus on farm­ing, among oth­er respon­si­bil­i­ties, includ­ing over­see­ing commodities.

In order to reg­u­late the trad­ing of com­modi­ties futures, the Com­mod­i­ty Futures Trad­ing Com­mis­sion (CFTC) was estab­lished in the Unit­ed States in 1974. In recent years, Bit­coin and Ethereum have fre­quent­ly been viewed as commodities.

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Cardano joins Linux Founder as gold member

Car­dano has announced join­ing the Lin­ux Foun­da­tion as a gold mem­ber, becom­ing the only non­prof­it active at this lev­el. As report­ed pre­vi­ous­ly, Car­dano Foun­da­tion Chief Open Source Offi­cer Dirk Hohn­del had a fire­side chat with Lin­ux cre­ator Linus Tor­valds at the Lin­ux Open Source Sum­mit in Austin.

In its last week­ly devel­op­ment update, IOHK pro­vid­ed sta­tis­tics on net­work growth. Cur­rent­ly, 1,020 projects are build­ing on Car­dano, up from 1,004 pre­vi­ous­ly. A total of 90 projects have recent­ly been launched on Car­dano, while the num­ber of NFT projects has risen to 5,868.

Car­dano native tokens have sur­passed 5.3 mil­lion, while the num­ber of Plu­tus scripts was 2,817. ADA is cur­rent­ly trad­ing at $0.469, down 1% in the last 24 hours, per Coin­Mar­ket­Cap data.



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