Crypto regulations will arrive this year according to Cardano founder - Luke is Alive - April 23

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On Monday (April 19), Charles Hoskinson, co-founder and CEO of IOHK, the company responsible for building Cardano, explained why he believes the Biden-Harris administration could introduce cryptocurrency-related legislation in the coming months.

“There is no reality that a government as regulatory friendly as the United States government allows an industry with a market capitalization of more than a trillion dollars to be unregulated or live in this strange gray area of ​​application.

“The only reason we haven't seen comprehensive regulation in the crypto space yet is because of Washington's political glasses of the last five years, six years. Nothing is being done and people have been fighting for everything from health care to immigration, and there has been no party unity. "

“If we had a different Republican president in 2016, there would have already been regulation… If it had been Jeb Bush or someone else, the regulations would have been passed in the first two years while the Republicans kept control of the House and Senate… Biden… you know how to pass legislation ... "

Hoskinson concluded his comments on this issue by saying that he believes there will be a great discussion and hopes that the industry as a whole will mobilize and get involved and find a way out of it. He also feels that crypto regulations in the US will not finally end cryptocurrencies and that they are here to stay and will succeed.

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Cryptocurrencies this morning painted red.

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