Charles Hoskinson has been slammed over a recent comment on HEX and PulseChain.
Hoskinson said that the SEC’s case against HEX and founder Richard Heart will not end well.
A trader said that they will sell all their ADA tokens in protest of Hoskinson’s comments.
Cardano founder Charles Hoskinson is facing criticism after his recent statements about HEX, PulseChain, PulseX, and their founder, Richard Heart.
During an interview with FOX Business contributor David Gokhshtein, Hoskinson talked about the new Securities and Exchange Commission (SEC) and its chair, Paul Atkins. He discussed how the SEC might affect the crypto market. Hoskinson highlighted that while the enforcement division consists of civil servants, the Commissioners and the Chair are elected politicians.
Because of this, any change in political leadership takes time to reach the bureaucratic level. However, once these politicians make their will known, Hoskinson expects the SEC to have backdoor meetings with crypto firms facing lawsuits. He believes these meetings will result in settlements or the SEC admitting fault. The agency could also impose fines in some cases.
However, Hoskinson st…
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