Charles Hoskinson, the founder of Cardano, believes that the United States Securities and Exchange Commission (SEC) will not come after the project’s native token, ADA. He made this statement during a recent YouTube interview on Corey Costa’s Crypto Coins.The SEC recently classified 12 tokens, including Cardano (ADA), Binance Coin (BNB), Solana (SOL), Polygon (MATIC), and Filecoin (FIL), as securities, insisting that they ought to be registered before being listed on exchanges. Coinbase CEO Brian Armstrong revealed that the agency had asked the exchange to delist all tokens, except bitcoin, as they qualified as securities.In response to Corey’s question on why the SEC has been acting “somewhat antagonistic towards Cardano” and other blockchains, Hoskinson clarified that the agency’s actions have not gotten to ADA. He pointed out that there has been no enforcement action against ADA so far, and that would not change because the asset was mentioned as a security in a lawsuit against a crypto exchange.Hoskinson further explained that the SEC’s continuous crackdown on crypto entities is political and has nothing to do with securities laws. He believes that the Commission’s actions have everything to do with Sam Bankman-Fried (SBF) – the disgraced founder and former CEO of bankrupt crypto exchange FTX – who “turned out to be the Bernie Madoff of our generation.” According to Hoskinson, one political party in the U.S., which received a lot of money from SBF, is trying to show they are not corrupt; hence, they have moved from being bipartisan and working with other parties to create crypto rules to accusing everyone of being a bad actor and attempting to throw them behind bars.

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	10
People	Charles Hoskinson, Brian Armstrong, Sam Bankman-Fried, Corey Costa, Bernie Madoff
Companies	SEC, Coinbase, Binance, Ripple Labs, FTX
Currencies	ADA, BNB, SOL, MATIC, FIL, XRP, Bitcoin, Ethereum.
Securities	None