Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Beyond Basics: Price Action and Support/Resistance for Proficient Crypto Trading

    February 27, 2024

    Bitcoin long-term holders refuse to sell – What it means for BTC

    March 23, 2025

    Microsoft asks shareholders to vote against an assessment of investing in Bitcoin in SEC filing

    October 25, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      SUI Coin Price Prediction 2025

      September 4, 2025

      Sonic price prediction 2025, 2026, 2027-2031

      September 3, 2025

      Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

      September 2, 2025

      Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

      September 1, 2025

      Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

      August 31, 2025
    • Technology

      Japan Post Bank To Give Digital Yen Access To $1.3T Deposits

      September 4, 2025

      Can $0.23 hold after volatile Trump token launch?

      September 3, 2025

      Solana Set to Approve Alpenglow, Slashing Finality to 150ms

      September 1, 2025

      Philippines May Become First Country to Put Entire National Budget on Blockchain

      August 31, 2025

      Why MicroStrategy clones are choosing Solana over Bitcoin for corporate treasuries

      August 30, 2025
    • Learn/Guide

      NEAR and TRON enable seamless cross-chain stablecoin transfers with NEAR Intents integration

      September 4, 2025

      Fed to host October conference on stablecoins, DeFi, AI, and tokenization

      September 3, 2025

      Pineapple Financial launches $100M Injective treasury, first public company to hold INJ

      September 2, 2025

      Hong Kong University’s business school considers accepting Bitcoin for tuition and donations

      August 31, 2025

      Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists

      August 30, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      ECB President Calls for Stronger Regulation of Non-EU Stablecoins

      September 4, 2025

      KuCoin Taps Vietnam’s VBA in Push for 2025 Blockchain Strategy

      September 3, 2025

      Crypto Investors Face New Rules as South Korea Joins OECD’s Reporting System

      September 2, 2025

      Japan Post Bank to Roll Out Yen-Backed Digital Currency in 2026

      September 1, 2025

      Russia to Impose Stricter Rules on Banks Handling Crypto Transactions

      August 30, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Cardano Founder Challenges SEC’s Crypto Classification: Time for Better Regulations?
    Technology

    Cardano Founder Challenges SEC’s Crypto Classification: Time for Better Regulations?

    December 3, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    news-image
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Once again, there’s a stir in the world of cryptocurrency.

    Charles Hoskinson, the mastermind behind Cardano, is expressing frustration with the U.S. Securities and Exchange Commission (SEC). The issue at hand? The SEC’s classification of ADA, Cardano’s native token, as a security. As the SEC battles major exchanges like Kraken, Binance, and Coinbase, ADA finds itself caught up in regulatory complexities. Hoskinson questions the fairness and transparency of the regulatory process, particularly the application of the Howey Test.

    A Clash of Standards

    Hoskinson is upset with the SEC’s differing treatment of cryptocurrencies. While giants like Bitcoin and Ethereum are considered non-securities due to their decentralized nature, ADA and others face a different fate. Hoskinson argues that this lack of clarity and adherence to the Howey Test leads to uneven regulatory application, leaving the crypto space grappling with complexity.

    XRP Community Reacts

    The XRP community, long embroiled in their battle with the SEC, has shown a mix of reactions to Hoskinson’s statements. Some, like Digital Perspective, empathize with Hoskinson’s frustration, having experienced similar challenges. Others, like Mark Phillips, view Hoskinson’s recent outburst as a belated recognition of the broader challenges facing the crypto industry in the face of regulatory scrutiny.

    Legal experts, including Attorney John Deaton, who represents XRP holders, have called for the SEC to establish more precise regulatory frameworks applicable across all crypto ecosystems. This sentiment is echoed within the broader crypto community, which seeks more predictable and fair regulatory practices.

    Only Maxis will take issue with @IOHK_Charles’s outrage. I don’t see how anyone could not objectively understand the frustration. U.S securities laws need to be coherent and consistently applied across all ecosystems. https://t.co/igcPycRdxb

    — John E Deaton (@JohnEDeaton1) November 27, 2023

    Bitcoin’s Decentralization Questioned

    Adding to the discussion, Hoskinson challenges the widely accepted idea of Bitcoin’s decentralization. He points to the concentration of mining power in a few entities, suggesting it goes against the essence of decentralization.

    However, industry leaders like Adam Back and Erik Voorhees vehemently counter this claim. Back defends Bitcoin’s natural growth and decentralized nature, while Voorhees dismisses the notion of mining pools controlling Bitcoin’s hashrate.

    The creator of Cardano, Charles Hoskinson, claims #Bitcoin is not decentralized and says it’s not fair that the SEC is going after crypto more broadly but not Bitcoin.

    Bitcoin is anti fragile technology 🔥 pic.twitter.com/B9wuuvJIpd

    — The ₿itcoin Therapist (@TheBTCTherapist) November 27, 2023

    Market Watch

    Amidst these debates, ADA’s market performance remains a point of interest, currently trading at $0.374. The crypto community, especially stakeholders in projects like XRP and Cardano, are closely monitoring these developments, hoping for a regulatory environment that fosters innovation while ensuring investor protection.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Japan Post Bank To Give Digital Yen Access To $1.3T Deposits

    September 4, 2025

    Can $0.23 hold after volatile Trump token launch?

    September 3, 2025

    Solana Set to Approve Alpenglow, Slashing Finality to 150ms

    September 1, 2025

    Philippines May Become First Country to Put Entire National Budget on Blockchain

    August 31, 2025
    Top Posts

    2024 Toyota Tacoma: Review, Trims, Specs, Price, New Interior Features, Exterior Design, and Specifications

    May 15, 2023

    Transforming the Crypto Landscape with Stability

    June 11, 2023

    Who is David Sacks? Trump’s pick for White House AI and Crypto Czar is a Bitcoin holder

    December 6, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    SUI Coin Price Prediction 2025

    September 4, 2025

    Sonic price prediction 2025, 2026, 2027-2031

    September 3, 2025

    Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

    September 2, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.