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<ul> 
 <li>Cardano CEO criticizes SEC’s biased treatment of Bitcoin and altcoins.</li> 
 <li>Blockstream CEO argues Bitcoin’s distinct features justify its commodity status.</li> 
 <li>Hoskinson defends Cardano’s ADA acquisition, refuting ICO claims.</li> 
</ul> 
<p>Charles Hoskinson, the CEO of <a href="https://cardano.org/" target="_blank" rel="noreferrer noopener nofollow">Cardano</a>, took to TwitterX in a fiery video, condemning the U.S. Securities and Exchange Commission (<a href="https://www.sec.gov/" target="_blank" rel="noreferrer noopener nofollow">SEC</a>) for its disparate treatment of Bitcoin and other cryptos.</p> 
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   <p lang="en" dir="ltr">There was no Cardano ICO. There was an airdrop onto a distribution and then thousands of people who never met each other traded Ada on exchanges and used Cardano for their projects. <br><br>A voucher sale of a different asset outside of the United States, priced in Yen, settled in…</p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1729267520664731828?ref_src=twsrc%5Etfw">November 27, 2023</a>
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<p>Hoskinson demanded transparency from the SEC, urging them to elucidate the distinction between Bitcoin and the <a href="https://cryptonewsland.com/secs-latest-ruling-cardano-solana-polygon-tokens-flagged-as-securities/" target="_blank" rel="noreferrer noopener">altcoins facing regulatory scrutiny</a>, particularly highlighting the apparent contradiction of Bitcoin’s acceptance despite vulnerability to a 51% attack, which he called a “pathetic joke”.</p> 
<p>In his video, Hoskinson emphasized the need for accountability, criticizing the U.S. government for allowing such inconsistencies and injustices. He asserted that cryptos offer a solution through a social contract, emphasizing the importance of holding entities accountable for their actions.</p> 
<p>Responding to Hoskinson’s critique, the CEO of Blockstream countered that Bitcoin’s unique characteristics, such as no ICO, decentralized nature, and absence of a CEO, distinguish it from other tokens. He argued that Bitcoin is fundamentally a commodity.</p> 
<p>Hoskinson fired back, refuting claims of a Cardano ICO. He clarified that <a href="https://cryptonewsland.com/hoskinsons-take-on-cardanos-potential-for-global-dominance/" target="_blank" rel="noreferrer noopener">Cardano underwent an airdrop</a>, followed by decentralized trading and usage for various projects. He emphasized that a voucher sale, settled in Bitcoin and explained in Japanese, outside U.S. jurisdiction, doesn’t constitute an ICO.</p> 
<p>In response to queries about ADA procurement, Hoskinson clarified that he and IOHK received ADA as compensation for years spent building the Cardano platform. The exchange highlighted the intricate details of a voucher sale that did not involve any U.S. participants.</p> 
<p>As the crypto industry grapples with regulatory challenges, figures like Hoskinson continue to advocate for fair treatment and transparency in the regulatory landscape.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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 <li><a href="https://cryptonewsland.com/crypto-leaders-discuss-ethgate-ethereums-regulatory-treatment-under-scrutiny/">Crypto Leaders Discuss ETHGate: Ethereum’s Regulatory Treatment Under Scrutiny</a></li>
 <li><a href="https://cryptonewsland.com/cardano-ceo-appalled-at-sbfs-soft-treatment-amid-mounting-evidence-of-fraud/">Cardano CEO Appalled at SBF’s Soft Treatment Amid Mounting Evidence of Fraud</a></li>
 <li><a href="https://cryptonewsland.com/charles-hoskinson-doge-should-be-a-cardano-sidechain/">Charles Hoskinson: Doge Should be a Cardano Sidechain</a></li>
 <li><a href="https://cryptonewsland.com/hoskinson-praises-algorand-when-cardano-partnership/">Hoskinson Praises Algorand; When Cardano Partnership?</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/charles-hoskinson-blasts-sec-for-biased-treatment-towards-bitcoin/">Charles Hoskinson Blasts SEC for Biased Treatment Towards Bitcoin</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Charles Hoskinson Blasts SEC for Biased Treatment Towards Bitcoin

Crypto News Land

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