In a strong statement, Charles Hoskinson, the co-founder of the Cardano blockchain, declared that the "war on digital assets" in the United States has officially ended. Hoskinson's criticisms reflect years of tight control by regulatory agencies such as the U.S. Securities and Exchange Commission (SEC), with a series of lawsuits and investigations targeting major cryptocurrency companies.
Hoskinson expressed his displeasure with the SEC's aggressive stance, arguing that the agency views the entire industry as criminals and sues from the largest companies to the smallest projects, costing hundreds of millions of dollars in legal fees and wiping out hundreds of billions in market capitalization. He also pointed out the hypocrisy of federal employees, who, according to him, do not take responsibility for the damage they have caused but play the role of victims when facing the consequences.
"They have turned us into criminals, and then complain when the industry fights back," Hoskinson said. He directed his criticism at SEC Chairman Gary Gensler, whose leadership has directed the Commission's controversial enforcement activities. Hoskinson's comments came after reports that some SEC employees are facing backlash, with law firms refusing to interview them due to their work related to cryptocurrencies.
According to William McLucas, a former SEC official, criticizing employees for carrying out their duties is unfair. "As an industry, we will never forget or forgive, because we know what will happen if the other side wins. They will celebrate on the bankrupt remains of all our projects," he emphasized.
In summary, Hoskinson not only challenges the abusive actions but also accuses those involved in the destruction of the industry of lacking ethical spirit, emphasizing the importance of progress and responsibility in the cryptocurrency field.