Cardano (ADA) to 3$?

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Cardano Founder Says SEC Is Not After Us, ADA Only Got Caught In Cross-fire Lawsuits

The interviewer, Corey Costa, asked Hoskinson why the Securities and Exchange Commission (SEC) comes after prominent blockchains like Cardano (ADA). Hoskinson argued from a different angle that it was incorrect to say the SEC was coming after Cardano.

Hoskinson clarified that the appearance of ADA in the SEC lawsuit against Coinbase and Binance does not imply Cardano was under scrutiny. In his words:

“It’s very important to be accurate with our language. There’s no coming after Cardano. Just because in a lawsuit against some exchanges, they say that something is security [does not mean it is.] There’s been no enforcement event.”

Moreover, Hoskinson stated that if ADA were indeed a target, the SEC lawsuit would have taken a different approach. He remarked:

“If that occurred, you know the facts and circumstances would be different but that’s not the case for us.”

SEC Lawsuit Is Political

Meanwhile, Hoskinson characterized the situation as political rather than rooted in securities laws. He pointed out that a specific political party in the United States received significant funding from an individual.