Hoskinson Breathes Fire at the SEC, Calls It “Evil of the Unelected”

• Charles Hoskinson said that the crypto community will neither forget nor forgive the SEC’s actions
• Coinbase’s CEO Brian Armstrong and Ripple’s chief legal officer Stuart Alderoty are advocating for accountability within the SEC
• Some in the industry are calling for a stop to the pushback

Charles Hoskinson, founder of Cardano, has strongly criticized the US Securities and Exchange Commission (SEC) after a Politico article detailed the crypto industry’s pushback against the agency’s past enforcement actions.

What Did Hoskinson Have to Say About the SEC?

In a post on X, Hoskinson accused the SEC of unjustly targeting the crypto sector, leading to considerable financial losses and legal challenges. He condemned the actions of federal employees who aren’t elected, saying their lack of accountability has harmed the industry. Hoskinson emphasized that the crypto community will neither forget nor forgive these actions, suggesting that regulators sought personal advancement at the expense of crypto projects.

The Politico article pointed out that under the previous administration, the SEC’s focus on the cryptocurrency industry started many enforcement action…

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