In a new interview with BitBoy Crypto, Hoskinson says regulators shouldn’t operate on a case-by-case basis, which he says makes everybody “live in fear.”
“It’s just an example of what happens when you do regulation through enforcement instead of legislation… You should have clear, understandable standards. And there should be a clear process for people to adhere and comply with those standards. For example, with the Ethereum crowd sale in Switzerland, we just asked the Swiss government, and after a few weeks of haggling, they told us what to do, and we had a thing, and it was over.
The SEC tends not to issue no-action letters in a meaningful way for the industry. So there’s no real good means of interfacing and integrating, and in the absence of that, people have different opinions, and there are winners and losers, and sometimes people get away with crazy stuff.”
According to Hoskinson, the SEC’s current approach is not conducive to the growth of the industry in the country as it forces crypto-native firms to move elsewhere.
“I think it creates perverse incentives inside the marketplace and ultimately, regulatory arbitrage, because basically those jobs go to Singapore, and they go elsewhere. So I don’t like the destruction of American jobs, the inconsistent clarity, the changing administrations having a big influence on the change of policy. There should be universal standards and there should be universal definitions, and hopefully, this case resolves in a way that’s good for the industry, but it’s just an indication of what happens in the absence of good leadership.”
ស្ថាបនិក Cardano លោក Charles Hoskinson បញ្ចេញមតិលើបណ្តឹង XRP ហៅវាថា "បទប្បញ្ញត្តិតាមរយៈការអនុវត្ត"
Cardano (ADA) founder Charles Hoskinson doesn’t think highly of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple.
SEC បានប្តឹង Ripple នៅចុងឆ្នាំ 2020 ដោយចោទប្រកាន់ថាក្រុមហ៊ុនទូទាត់បានលក់ XRP ជាសន្តិសុខដែលមិនបានចុះបញ្ជី។
In a new interview with BitBoy Crypto, Hoskinson says regulators shouldn’t operate on a case-by-case basis, which he says makes everybody “live in fear.”
“It’s just an example of what happens when you do regulation through enforcement instead of legislation… You should have clear, understandable standards. And there should be a clear process for people to adhere and comply with those standards. For example, with the Ethereum crowd sale in Switzerland, we just asked the Swiss government, and after a few weeks of haggling, they told us what to do, and we had a thing, and it was over.
The SEC tends not to issue no-action letters in a meaningful way for the industry. So there’s no real good means of interfacing and integrating, and in the absence of that, people have different opinions, and there are winners and losers, and sometimes people get away with crazy stuff.”
According to Hoskinson, the SEC’s current approach is not conducive to the growth of the industry in the country as it forces crypto-native firms to move elsewhere.
“I think it creates perverse incentives inside the marketplace and ultimately, regulatory arbitrage, because basically those jobs go to Singapore, and they go elsewhere. So I don’t like the destruction of American jobs, the inconsistent clarity, the changing administrations having a big influence on the change of policy. There should be universal standards and there should be universal definitions, and hopefully, this case resolves in a way that’s good for the industry, but it’s just an indication of what happens in the absence of good leadership.”
I
ពិនិត្យ សកម្មភាពតម្លៃ
កុំនឹក Beat - ជាវប្រចាំ ដើម្បីទទួលបានការដាស់តឿនអ៊ីមែលតាមអ៊ីមែលដែលផ្ញើដោយផ្ទាល់ទៅប្រអប់ទទួលរបស់អ្នក
តាមយើងនៅលើ Twitter, Facebook និង Telegram
surf ឌឹដហូមលាយប្រចាំថ្ងៃ
ការបដិសេធ: មតិដែលបានសម្តែងនៅឌឹដហូមដស៍មិនមែនជាដំបូន្មានវិនិយោគទេ។ វិនិយោគិនគួរតែប្រឹងប្រែងដោយយកចិត្តទុកដាក់មុនពេលធ្វើការវិនិយោគដែលមានហានិភ័យខ្ពស់នៅក្នុង Bitcoin, cryptocurrency ឬទ្រព្យសម្បត្តិឌីជីថល។ សូមណែនាំថាការផ្ទេរនិងការធ្វើពាណិជ្ជកម្មរបស់អ្នកគឺជាហានិភ័យផ្ទាល់របស់អ្នកហើយការបាត់បង់ណាមួយដែលអ្នកអាចទទួលរងគឺជាទំនួលខុសត្រូវរបស់អ្នក។ Daily Hodl មិនបានផ្តល់អនុសាសន៍ឱ្យទិញឬលក់រូបិយប័ណ្ណគ្រីបថលឬទ្រព្យសម្បត្តិឌីជីថលទេហើយក៏មិនមែនជាអ្នកផ្តល់ប្រឹក្សាផ្នែកវិនិយោគផងដែរ។ សូមកត់សម្គាល់ថាឌឹដេវហូដចូលរួមក្នុងទីផ្សារសម្ព័ន្ធ។
រូបភាពពិសេស៖ Shutterstock / Liu zishan
Source: https://dailyhodl.com/2022/06/21/cardano-founder-charles-hoskinson-comments-on-xrp-lawsuit-calls-it-regulation-through-enforcement/