Charles Hoskinson: US Authorities Have Already Equated the Crypto Industry with a Criminal Business
Date: 2025-03-18 Author: Oliver Abernathy Categories: BUSINESS
Charles Hoskinson said that the SEC has consistently filed lawsuits against both large market players and small startups, accusing them of violating securities laws. According to him, these lawsuits have cost the crypto industry hundreds of millions of dollars, and their consequences have led to losses in the billions. Hoskinson accused federal officials of hypocrisy, noting that they are not responsible for the damage caused by their decisions, but at the same time portray themselves as the injured party.
The statements of the Cardano founder came amid dissatisfaction among some SEC employees that law firms refuse to consider their candidacies when hiring. Former commissioner William McLucas expressed the opinion that such actions are an unfair punishment for those who were only doing their job.
"When you are forced to do wrong, you resign. Following orders without thinking is not an excuse. Now you are being denied employment because you lack moral principles. The crypto community will not forget or forgive this. We understand perfectly well how things would have developed under the previous leadership. Regulators would rejoice at the bankruptcies of crypto projects and use them for their career purposes," Hoskinson noted on the social network X.
Earlier, Coinbase CEO Brian Armstrong said that the company stopped cooperating with law firms that employ former SEC employees. This initiative was also supported by the Gemini crypto exchange.
