Crypto NewsCardanoCardano Founder Comments on Recent Developments Regarding Cryptocurrencies

Cardano Founder Comments on Recent Developments Regarding Cryptocurrencies

Crypto phenomenon Charles Hoskinson talked about the banking crisis and regulations that are already reverberating in the US.

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Charles Hoskinson, founder of Cardano, one of the leading blockchain projects, gave an interview about the latest developments affecting the crypto market.

Speaking to the crypto press, Hoskinson stated that the crypto money markets are in a much better position today after the declines last year. The Cardano founder emphasized that it would be better for young people to focus on crypto in their careers rather than working in a bank after the banking sector crisis.

“As crypto projects continue to be developed, various crises continue to emerge in traditional finance.”

"Regulatory Uncertainty Is a Big Problem"

After talking about the banking crisis, Hoskinson touched on the regulatory uncertainty in the US. The crypto phenomenon, which complains about the lack of clarity about who will regulate the sector in the country, claimed that many different projects have the option of moving abroad as a result of increasing pressure.

It is not yet clear which institution will regulate digital assets in the United States, which is the world's largest economy. While the SEC, CFTC and local state agencies did not cooperate, the sanctions pressure on the industry came to light with the FTX bankruptcy. The Securities and Exchange Commission SEC has launched an investigation into several crypto projects and exchanges.

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