The post Cardano Founder Hints at Trump’s Crypto Edge Over Kamala Harris With Gensler Analogy appeared on BitcoinEthereumNews.com.

Hoskinson uses a lawsuit to highlight Trump’s favorable crypto policies over Harris, suggesting he could influence future SEC decisions. The crypto community favors Trump for his pro-crypto stance, as shown by betting odds and market support, expecting beneficial regulatory changes. Cardano founder Charles Hoskinson has leveraged a lawsuit against the U.S. Securities and Exchange Commission (SEC) to highlight his support for Donald Trump over Kamala Harris in the upcoming U.S. election, due to Hoskinson’s bold attitudes towards the SEC’s decision to appeal the Ripple ruling. As CNF recently highlighted, Hoskinson suggested a potential shift in legal frameworks governing cryptocurrencies with the focus shifting from the Howey Test to the “Ripple Test.” He pointed out the inconsistency in the SEC’s regulation of the digital asset industry, a topic that has stirred significant debate in the crypto community. Hoskinson’s remarks came in response to a post by FOX Business journalist Eleanor Terrett, who reported on Crypto.com’s lawsuit against the SEC. At the moment, we have also learned that the crypto exchange argued that the SEC is overstepping its boundaries, particularly after issuing a Wells Notice accusing the platform of trading securities. The issue of contradictory regulation is not new; similar concerns have surfaced in the ongoing SEC vs. Coinbase case, where the interpretation of the Howey Test has also come under scrutiny. Trump’s Potential Impact on the SEC and Crypto Regulation In a sarcastic post on X, Hoskinson implied that a continuation of Kamala Harris’s leadership, with SEC Chair Gary Gensler in place, would not improve the regulatory situation for the crypto industry. He contrasted this with Trump, who has shown a strong pro-crypto stance, even launching his own crypto projects. According to Hoskinson, “team red” (the Republican Party) appears more favorable to the crypto space. Hoskinson’s stance mirrors growing support for…

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Filed under: News - @ October 9, 2024 2:56 am