Charles Hoskinson has responded to the SEC’s claim that Cardano’s native token ADA is a security, exposing the SEC.
IOG notes that the claim by the SEC contains numerous factual inaccuracies and will not impact the company’s operations in any way.
After a landmark case was brought against two of the largest crypto exchanges in the world- Binance and Coinbase, by the SEC, market leaders are joining in support. According to the regulator, Binance and its CEO Changepeng Zhao have been involved in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law. The regulator further names a list of tokens traded on the exchange that it believes to be securities. Among the named ‘securities’ is Cardano’s ADA.
Charles Hoskinson who has long advocated for regulations in the crypto industry explaining that this would promote institutional investment as well as protect investors has responded to the SEC. Hoskisnon has now called on the cry

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