In a video update on April 16, Charles Hoskinson, Co-Founder and CEO of IOG, delved deeply into the consequences and realities of cryptocurrency regulation. Broadcasting from Colorado, Hoskinson articulated his concerns and perspectives, particularly emphasizing the impact of U.S. regulatory approaches on the cryptocurrency industry.
Hoskinson began his discussion by referencing a recent speech by SEC Commissioner Hester Pierce, who emphasized the necessity for the U.S. to foster an environment conducive to innovation and freedom in the financial sector. Hoskinson said that Pierce’s speech outlined the SEC’s role in protecting investors while also highlighting the agency’s increasingly prescriptive rule-making, which could potentially stifle innovation and create significant barriers to entry.
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