Charles Hoskinson, founder of Cardano, has questioned the US government’s inconsistent and opaque approach to valuing cryptocurrencies. He emphasized that the United States should adopt stricter and more objective criteria when deciding which cryptocurrencies are considered valuable and which are not. Hoskinson raised concerns by asking why XRP is included in the system while Sui is not, and why Solana is recognized but Binance Coin (BNB) is excluded. These questions arise amid ongoing debates among various crypto platforms and investors about the standards US regulatory agencies use to legitimize and accept crypto assets.
Cryptocurrencies represent a digital and decentralized financial system based on blockchain technology. Platforms like Cardano, Solana, and Binance Coin have established their market positions over recent years due to their fast technology and strong communities. However, the US government’s unequal recognition and integration of certain cryptocurrencies into the legal and financial system has created unease among investors. This situation poses a challenge to the growth of the US crypto market, as the lack of transparent and standardized regulations generates uncertainty for investors and developers alike. Experts believe that if the US government establishes clear and objective standards, it will not only increase consumer confidence but also enhance the global acceptance of cryptocurrencies.
Reforms in the classification and oversight of cryptocurrencies by US regulatory bodies are expected in the future to ensure transparency and fairness in the market. Balancing cryptocurrency regulations will be essential to promote both technological innovation and financial protection.
Source: decrypt
