Cardano Founder’s Interesting Comment on Crypto Crackdown Shared by Charles Gasparino

Please fol­low and like us:
Pin Share

In a tweet, Fox Busi­ness Senior Cor­re­spon­dent Charles Gas­pari­no touched on Car­dano founder Charles Hoskin­son’s com­ment to Eleanor Ter­rett regard­ing the cryp­to crackdown.

Car­dano’s founder was asked if he thinks SEC chair Gary Gensler could destroy the cryp­to indus­try. He respond­ed if only oil (petro­le­um, as implied) could be killed — a metaphor that sug­gests Gensler lacks the abil­i­ty to destroy the cryp­tocur­ren­cy industry.

Ear­li­er in the week, the cryp­to mar­ket awoke to the shock­ing news that Pax­os had been ordered to stop BUSD sta­ble­coin mint­ing and also issued a Wells notice by the SEC that BUSD sta­ble­coin is an unreg­is­tered security.

Amid the ongo­ing fears of a fur­ther crack­down, Gas­pari­no shared a scoop that the SEC was mak­ing a move against cryp­to: “Per @EleanorTerrett & my report­ing: Secu­ri­ties lawyers includ­ing a past top @SECGov offi­cial say SEC look­ing to large­ly ‘cut off’ cryp­to in all its forms after FTX deba­cle. @SEC_Enforcement has ‘blan­ket­ed’ cryp­to w so-called Wells Notices sig­nal­ing intent to bring cases.”

Regulation by enforcement might be only source of guidance

In an inter­view that Fox Busi­ness cor­re­spon­dent Eleanor Ter­rett had with Car­dano founder Charles Hoskin­son, he said that sig­nif­i­cant reg­u­la­to­ry reform might not come about until 2025.

Recent­ly, Hoskin­son said that giv­en the cur­rent state of Wash­ing­ton, and that 2024 is an elec­tion year, 2025 remains the next one for progress leg­isla­tive­ly, and thus he main­tains his stance.

As report­ed ear­li­er, Cryp­to­Law founder John Deaton opined that the SEC’s “reg­u­la­tion by enforce­ment” pol­i­cy might con­tin­ue to be the only source of guid­ance for the market.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *