Cardano Creator Charles Hoskinson Says US Officials Sabotage Crypto Industry

Not too long ago, the Cardano creator Charles Hoskinson said that US officials were sabotaging the crypto industry. Check out the latest reports about this below.

US officials are sabotaging the crypto industry

Cardano (ADA) creator Charles Hoskinson is expressing concerns about the treatment of the crypto industry by US authorities.

In reaction to a tweet by Kraken founder Jesse Powell theorizing that regulators deliberately allowed “bad guys” to thrive to further their goals, Hoskinson says that it’s “starting to feel” as if the hypothesis is “accurate.”

“Honestly, it’s starting to feel like this is accurate. Fair notice was given for many of the firms that exploded months or sometimes years prior to the events.”

He also believes the fact that regulators allowed the bad actors to grow big since it aligns with their agenda.

“I have a theory:

Regulators let the bad guys get big and blow up because it serves their agenda.

destroy capital/resources in crypto ecosystem
burn people, deter adoption
give air cover to attack good actors
The bad guys are actually on-side. Good guys are the enemy.”

Whale activity is booming for Cardano

Whale activity is currently spiking for Cardano (ADA) and The Sandbox (SAND), according to the crypto analytics firm Santiment.

Santiment notes in a new analysis that Cardano has witnessed “major interest” from whale addresses since the beginning of February.

The analytics firm views whale transactions as those larger than $100,000.

“Don’t mind the five-day anomaly gap in data for Cardano. Just take a look at what the asset has done since February. Clearly a huge spike indicating some major interest from whales at this level.”

It’s also important to note the fact that the Ethereum (ETH) competitor’s native asset, ADA, is now priced at $0.39.

Stay tuned for more news and make sure to keep an eye on the crypto market.