News View Non-AMP

ADA Founder Says SEC Would Have ‘Danced on Bankrupt Graves’ of Crypto Projects if They Won

Published by
Anjali Belgaumkar

In a powerful statement, Charles Hoskinson co-founder of the Cardano blockchain, declared that the “war on digital assets” in the U.S. has officially ended. Hoskinson’s remarks come after years of intense regulatory scrutiny on the crypto industry, with government agencies like the SEC launching numerous lawsuits and investigations against major cryptocurrency firms.

Hoskinson criticized the SEC’s aggressive stance, stating that the regulator had branded the entire industry as criminal, suing companies from the largest firms to the smallest projects, costing the sector hundreds of millions of dollars in legal fees and wiping out billions in market cap. He also pointed out the hypocrisy of federal employees who, according to him, take no accountability for the damage caused by their actions and yet play the victim when faced with the consequences.

“The SEC goes after our industry, makes us all criminals, and then cries foul when the industry strikes back,” Hoskinson said. He went on to call out what he described as “unelected, career federal employees” who have inflicted significant harm on the crypto sector, saying that those in charge of such actions lacked moral character.

Backlash Against SEC Officials Sparks Debate

Hoskinson’s remarks were particularly pointed toward Former SEC Chairman gary gensler whose leadership has been central to the Commission’s enforcement actions. Hoskinson’s comments come after reports suggesting that some SEC staff members are facing backlash, with law firms refusing to interview them due to their work with crypto. William McLucas, a former SEC official, criticized these attacks, saying it’s unfair to target staff members who are just doing their jobs.

“We will never forget or forgive as an industry because we know what would have happened if the other side won. They would have danced on the bankrupt graves of all of our projects and used it to gain promotions and higher office,” he said.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

April 28, 2025

The Power of Web3 in Monetization Tools

There are two forces at play in the world that are completely separate, yet were…

April 28, 2025

3 Best Altcoins for High ROI in 2025

Now that we’ve seen the worst of the crypto market, it’s time to prepare for…

April 28, 2025

$330 Million Bitcoin Hack Drives Monero’s Price Surge

The crypto world was jolted overnight as Monero (XMR) prices surged by more than 50%,…

April 28, 2025

XRP Becomes Most Traded Altcoin in Japan, Surpassing Ethereum

Japan’s banking sector is gearing up for a major shift, with nearly 80% of banks…

April 28, 2025

Why XMR Price Surging Today – Key Reason Behind It

Monero (XMR), known for its focus on privacy and anonymity, has surged nearly 50%, reaching…

April 28, 2025