Cardano founder Charles Hoskinson has recently shared some intriguing insights about Bitcoin and the regulatory landscape surrounding cryptocurrencies in the United States. In a live video, Hoskinson discussed the decentralized nature of Bitcoin and the criticism it receives from Bitcoin maximalists who tend to dismiss other cryptocurrencies like Cardano. He revealed that one of the reasons why Bitcoin’s creator, Satoshi Nakamoto, remains anonymous is due to the lack of regulatory clarity in the US. Hoskinson also highlighted that Bitcoin was initially centralized, with Satoshi having complete control over the network. He emphasized that the US regulatory system is hindering the country’s potential to become a global leader in blockchain technology and cryptocurrencies. Hoskinson expressed his concern that the US Securities and Exchange Commission (SEC) does not consider Bitcoin a security, while labeling other decentralized altcoins as securities. He argued that if cryptocurrencies were allowed to reach their full potential in the US, they could revolutionize various sectors such as politics, medicine, finance, and security. Hoskinson further suggested that the recent regulatory crackdown on cryptocurrencies aims to limit people’s power and promote the adoption of easily controllable cryptocurrencies like Bitcoin. He believes that by controlling money, voting, identity, and data, a small group of people can maintain global dominance. Hoskinson’s remarks shed light on the challenges and opportunities facing the crypto industry in the US.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Charles Hoskinson
Companies	Ethereum, United States Securities and Exchange Commission (SEC), Bitcoin, Cardano
Currencies	Bitcoin, Cardano
Securities	None