Hoskinson Warns Senate Crypto Bill Hands Control to SEC After 137 Legislative Amendments
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- Hoskinson warns Senate bill hands crypto control to the SEC after 137 amendments.
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Cardano founder Charles Hoskinson delivered a critical assessment of the proposed Senate cryptocurrency legislation during his recent broadcast. The blockchain entrepreneur warned that the current bill hands control of the digital asset industry to the Securities Exchange Commission (SEC) following 137 amendments to the draft text.
Hoskinson stated the legislation makes all new cryptocurrency projects securities by default, requiring approval from the SEC. “How is that any better than what scary Gary gave us under Biden?” Hoskinson asked, referring to former SEC Chair Gary Gensler. The founder questioned whether…
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