Cardano Founder Hoskinson Admits US Crypto Regulation Is Coming

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Cardano (ADA) founder Charles Hoskinson explained during a podcast yesterday why US business news is all of a sudden going full tilt on crypto regulation.

Starting with his regular warm sunny greetings from Colorado, Charles went on to admit that:

Regulation is coming, it’s kind of like winter is coming. Although I hope this one has a more satisfying ending than Game of Thrones.

World Economic Forum

It is a timely explanation by an important figure in the cryptosphere, certainly given the fact that Sheila Warren, the World Economic Forum’s head of data, blockchain and and digital assets said just this weekend that:

We’re going to see another round of pretty dramatic attempts at regulating this space.

It all started this weekend when Fox News Correspondent Charles Gasparino claimed that the Joe Biden administration was in the early stages of developing a regulatory approach to the crypto markets.

The Republican-minded American journalist furthermore claimed that a legislative framework around cryptocurrencies is already being debated from inside the Biden administration.

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Hoskinson even explained his expected timing of the crypto regulation, stating during his broadcast that Biden was:

Negotiating hard with Joe Manchin right now about the infrastructure bill and there’s a very good possibility that that’s gonna pass with the 2 trillion dollars he’s asking for.

Watered down from the original 3 trillion he asked for.

The 31-year-old crypto CEO then admitted that:

After that happens, the very next thing they’re gonna go after is a tax increase for individuals, and it’s very likely that they’re going to push cryptocurrency regulation in that bill as a consumer protection package.