Charles Hoskinson's Position on Ripple-SEC Case

Cardano founder Charles Hoskinson spoke about his stance on the Ripple-SEC case, which has been on the agenda for a long time.

Cardano Founder Charles Hoskinson noted that XRP should be regulated as a commodity. While Hoskinson noted in a post that he was hit hard by some members of the XRP army for his recent comments on Ripple's problems, he decided to clarify his position on the SEC's lawsuit against Ripple Labs. Charles Hoskinson, founder of Cardano, made the following statement on the subject: "I've always taken the position that most layer 1 protocols are not securities because it's weird and pointless to think of something that benefits, is decentralized enough to have operators and builders around the world, and survived its founders past Howie." Hoskinson agrees that cryptocurrencies need regulation to keep markets stable and well-functioning, with actors to be considered and cartels to be examined. He stated that commodity regulation is the most appropriate here. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!   The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.