Charles Hoskinson Responds to Major Critic Who Claims Cardano (ADA) Is Security
Charles Hoskinson has addressed the co-founder of Valkyrie fintech, who claimed that the "issuance of Cardano was illegal," and he may be prosecuted for it.
Almost two weeks ago, the SEC claimed that Cardano's native token ADA is a security, but Charles Hoskinson, the founder of IOG whose team created Cardano, rejected those allegations.
ADA is security, its team made a lot of money on it: Steven McClurg
Twitter user "swan.ada" published part of a recent podcast hosted by entrepreneur Mario Nawfal and crypto trader Scott Melker, in which co-founder of Valkyrie Steven McClurg was one of the guests.
When asked about crypto and securities, he stated that he believes many cryptocurrencies to be securities under U.S. law, and Cardano's ADA to be among them as one of the biggest coins that have been mentioned by the SEC recently.
In particular, McClurg mentioned the way Cardano was issued and distributed, adding that Charles Hoskinson and the dev team made a lot of money on selling ADA. McClurg goes not believe, though, that should Cardano be sued and ADA creators prosecuted, builders of apps on that blockchain should/would be affected.
Read more on U.Today https://u.today/charles-hoskinson-responds-to-major-critic-who-claims-cardano-ada-is-security
Charles Hoskinson has addressed the co-founder of Valkyrie fintech, who claimed that the "issuance of Cardano was illegal," and he may be prosecuted for it.
Almost two weeks ago, the SEC claimed that Cardano's native token ADA is a security, but Charles Hoskinson, the founder of IOG whose team created Cardano, rejected those allegations.
ADA is security, its team made a lot of money on it: Steven McClurg
Twitter user "swan.ada" published part of a recent podcast hosted by entrepreneur Mario Nawfal and crypto trader Scott Melker, in which co-founder of Valkyrie Steven McClurg was one of the guests.
When asked about crypto and securities, he stated that he believes many cryptocurrencies to be securities under U.S. law, and Cardano's ADA to be among them as one of the biggest coins that have been mentioned by the SEC recently.
In particular, McClurg mentioned the way Cardano was issued and distributed, adding that Charles Hoskinson and the dev team made a lot of money on selling ADA. McClurg goes not believe, though, that should Cardano be sued and ADA creators prosecuted, builders of apps on that blockchain should/would be affected.
Read more on U.Today https://u.today/charles-hoskinson-responds-to-major-critic-who-claims-cardano-ada-is-security
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