Cardano Creator: SEC Not Targeting ADA, Political Motives at Play

• Charles Hoskinson, the creator of Cardano, believes that the SEC will not target Cardano’s native cryptocurrency, ADA.
• Hoskinson linked SEC actions to political motives, especially Sam Bankman-Fried’s influence.
• ADA has not faced any regulatory actions until now and Hoskinson believes this situation will likely persist.

SEC Not Targeting Cardano

Charles Hoskinson, the creator of Cardano, believes that the United States Securities and Exchange Commission (SEC) will not target Cardano’s native cryptocurrency, ADA. Despite referencing ADA as a security in a legal case involving a cryptocurrency exchange, Hoskinson emphasized that mentioning it as such does not necessarily mean that the SEC will single out the project.

Political Motives Behind SEC Actions

Hoskinson highlighted that political factors drive the SEC’s stringent measures against cryptocurrency entities and aren’t directly tied to securities regulations. He attributed these actions to Sam Bankman-Fried (SBF), the disgraced founder and former CEO of FTX crypto exchange who received substantial backing from a U.S. political party.

Brian Armstrong’s Comments on Coinbase’s Removals

As part of regulatory enforcement against prominent exchanges like Coinbase and Binance, around 12 tokens were categorized as securities by the SEC including ADA, Binance Coin (BNB), Solana (SOL), Polygon (MATIC), and Filecoin (FIL). Brian Armstrong revealed that Coinbase was requested by regulators to remove all tokens except for Bitcoin due to their designation as securities.

ADA Hasn’t Faced Regulatory Action Yet

Despite strict enforcement targeting crypto exchanges, there hasn’t been any action taken against ADA yet according to Hoskinson which indicates that it doesn’t qualify as a security in the eyes of regulators at present moment.


In conclusion, Charles Hoskinsons‘ remarks indicate that while other cryptocurrencies have faced heavy regulation from US authorities due to their categorization as securities; Cardano is unlikely to face similar repercussions since its native token does not seem to qualify under such classification at present moment in time.