Cardano Shoots Down SEC Claim That ADA Is a Security
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Input Output Global (IOG), the firm behind Cardano, has responded to the Security and Exchange Commission’s claim that ADA is a security. On June 7, IOG responded to the SEC’s latest enforcement actions against Binance and Coinbase. In the filings, the regulator listed a large number of crypto assets that it deemed were securities. Among them was the Cardano native token ADA. Cardano Says No to ADA Security Claim The firm stated that the SEC filing “contains numerous factual inaccuracies” and will not impact its operations in any way. “Under no circumstances is ADA a security under U.S. securities laws.
A recent forensic audit and investigative report has exonerated Cardano founder Charles Hoskinson of all allegations tied to the project’s ADA voucher program. Cardano’s development arm, Input Output Global (IOG), released the 128-page investigative report and forensic audit. The investigation, carried out by accounting firm BDO and law firm McDermott,…
Cardano ($ADA) creator Charles Hoskinson predicts that nation-states could adopt the smart contract platform within the next decade if anti-crypto forces do not interfere. In a video update (titled “The Five Pillars of the 21st Century”) on March 30, Hoskinson shares with his 320,000 YouTube subscribers that nation-states may one…
Following the controversial accusations, the results of the third-party forensic review of the Cardano (ADA) voucher redemption program have been made public. Cardano’s founder, Charles Hoskinson, says he’s now “waiting for the apologies to come rolling in.” Cardano Accusations Have ‘No Basis’ On Wednesday, the Cardano community celebrated after the…