ADA Founder Says SEC Would Have ‘Danced on Bankrupt Graves’ of Crypto Projects if They Won

Share This Post

Cardano Founder’s Outburst Sparks Debate Among Crypto Communities

The post ADA Founder Says SEC Would Have ‘Danced on Bankrupt Graves’ of Crypto Projects if They Won appeared first on Coinpedia Fintech News

In a powerful statement, Charles Hoskinson, co-founder of the Cardano blockchain, declared that the “war on digital assets” in the U.S. has officially ended. Hoskinson’s remarks come after years of intense regulatory scrutiny on the crypto industry, with government agencies like the SEC launching numerous lawsuits and investigations against major cryptocurrency firms.

Hoskinson criticized the SEC’s aggressive stance, stating that the regulator had branded the entire industry as criminal, suing companies from the largest firms to the smallest projects, costing the sector hundreds of millions of dollars in legal fees and wiping out billions in market cap. He also pointed out the hypocrisy of federal employees who, according to him, take no accountability for the damage caused by their actions and yet play the victim when faced with the consequences.

“The SEC goes after our industry, makes us all criminals, and then cries foul when the industry strikes back,” Hoskinson said. He went on to call out what he described as “unelected, career federal employees” who have inflicted significant harm on the crypto sector, saying that those in charge of such actions lacked moral character.

Hoskinson’s remarks were particularly pointed toward SEC Chairman Gary Gensler, whose leadership has been central to the Commission’s enforcement actions. Hoskinson’s comments come after reports suggesting that some SEC staff members are facing backlash, with law firms refusing to interview them due to their work with crypto. William McLucas, a former SEC official, criticized these attacks, saying it’s unfair to target staff members who are just doing their jobs.

“We will never forget or forgive as an industry because we know what would have happened if the other side won. They would have danced on the bankrupt graves of all of our projects and used it to gain promotions and higher office,” he said.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Pi Coin Price Drops 17% After $175M Token Unlock – What’s Next?

The post Pi Coin Price Drops 17% After $175M Token Unlock – What’s Next appeared first on Coinpedia Fintech News Pi Network’s price nosedived 17% in a single day, leaving investors in panic The

Can Pepe Coin Surge 60%? Top Analysts Predict Massive Breakout!

The post Can Pepe Coin Surge 60% Top Analysts Predict Massive Breakout! appeared first on Coinpedia Fintech News PEPE, the frog-themed memecoin was one of the top-performing coins in 2024, but 2025

Why SpacePay ($SPY) Could Be the Missing Piece in Global Crypto Adoption

The post Why SpacePay ($SPY) Could Be the Missing Piece in Global Crypto Adoption appeared first on Coinpedia Fintech News Bitcoin and altcoins are making their way into mainstream

Is Trump Planning Bitcoin Mining? Rumors Fly

In a series of intriguing social media posts and statements over the last week, rumors have been swirling that the US Department of Defense (DoD) may be on the verge of officially entering the

South African Parliament’s Social Media Accounts Hacked to Promote Fake Crypto

Hackers recently breached the South African Parliament’s social media accounts, including X, Facebook, and Youtube, to promote a fake cryptocurrency named after President Cyril Ramaphosa Fake

Bitcoin bull market could be over until 2026 based on PnL index – CryptoQuant CEO

According to CryptoQuant CEO Ki Young Ju, Bitcoin’s latest bullish cycle has concluded, signaling a likely shift to bearish or sideways momentum for the next six to 12 months The Profit and