In a recent interview, Charles Hoskinson confirmed that the US Securities and Exchange Commission (SEC) has no plans to take action against Cardano.

This news was reassuring and comes amidst uncertainty in the cryptocurrency regulatory landscape.

Regulations regarding cryptocurrencies have sparked widespread discussion and speculation.

As many projects, including exchanges like Binance and Coinbase, come under scrutiny from regulators across the board, investors and enthusiasts are actively seeking clarification on how regulators treat specific digital assets, including ADA.

In the interview, Hoskinson, who is the founder of Cardano, said he interacted positively with the SEC, as they recognized the platform’s commitment to compliance.

The founder also stated that the SEC’s action against cryptocurrency firms is more driven by politics than by securities regulations.

He added that the root cause of all this was due to the actions of Sam Bankman Fried (SBF).

He likened SBF, the controversial founder and former CEO of the now-defunct cryptocurrency exchange FTX, to the “Bernie Madoff of our generation.”

Hoskinson also claims that the American political party that received significant funding from the SBF is changing its approach. Specifically, he points out that the party worked across party lines when drafting cryptocurrency regulations, but now accuses everyone of wrongdoing.