Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Michael Saylor vs. Hoskinson on Cardano on ETH’s ‘security’ status
ALTCOIN NEWS

Michael Saylor vs. Hoskinson on Cardano on ETH’s ‘security’ status

By Crypto FlexsMay 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Michael Saylor vs. Hoskinson on Cardano on ETH’s ‘security’ status
Share
Facebook Twitter LinkedIn Pinterest Email
  • Michael Saylor predicts that Ethereum will be classified as a cryptocurrency asset security.
  • Charles Hoskinson was quick to respond to Bitcoin maxi’s comments.

The United States is taking steps to regulate the cryptocurrency market, starting with platforms such as Kraken, Coinbase, and Uniswap. Now it appears that attention is turning to Ethereum (ETH). As expected, opinions are divided regarding these efforts.

Although some are opposed to the Securities and Exchange Commission (SEC) classifying ETH as a security, MicroStrategy’s chairman michael sailor I believe not.

Michael Seiler’s argument

Ethereum, the world’s largest altcoin, should be classified as a cryptocurrency asset and not a commodity, according to the executive. speaking Speaking at the MicroStrategy World 2024 conference, Saylor added:

“By the end of May we will find out that Ethereum will not be accepted. It will then be clear to everyone that Ethereum is considered a cryptocurrency asset security and not a commodity.”

He continued:

“After that, you will see that everything further down the stack – Ethereum, BNB, Solana, Ripple, Cardano – is an unregistered crypto asset security.”

What Saylor is arguing here is that none of the aforementioned tokens are included in a spot ETF, approved by Wall Street, or recognized as crypto assets by mainstream institutional investors.

Charles Hoskinson intervenes.

Needless to say, Saylor’s comments didn’t sit well with everyone. Cardano co-founder criticizes executive remarks Charles Hoskinson I went to X (formerly Twitter) and commented:

“Michael, if your only argument for Bitcoin is that governments value and love Bitcoin and all altcoins are hated by governments, then you’re on the wrong side of history, my friend.”

His response highlighted the widespread notion among Bitcoin maximalists that cryptocurrencies other than Bitcoin may be considered illegal or fraudulent. This criticism addressed a broader debate within the cryptocurrency community regarding the legality of alternative digital assets.

However, this is not the first time Hoskinson has taken a stance on altcoins. A month ago, a Forbes article labeled several cryptocurrencies as “crypto zombies.” The list included Cardano (ADA), Ripple (XRP), and Bitcoin Cash (BCH).

answer In response to the aforementioned criticism, Hoskinson said:

“Hello @tezos @Algorand @bitcoincashorg @Ripple_XRP1 @StellarOrg @BobSummerwill According to Forbes, we are all cryptocurrency zombies. “I think it’s because we have all the brains.”

Ben Armstrong, also known as BitBoy Crypto, expressed concern about Cardano and said, “ADA is truly dead.” Cleans the surrounding air, hoskinson I answered.

“I’m sorry, Ben. Once Ada gets on the train, there will be no more discussion about cryptocurrencies. I wish you the best of luck in the coming years.”

Investors’ interests are not affected.

These comments emphasize that such speculation is merely speculation. In fact, recent research shows that Cardano has a higher Nakamoto coefficient than other altcoins, indicating greater decentralization.

Cardano has a higher Nakamoto coefficient than other altcoins

Source: EDI

Previous: 280K New Addresses for Dogecoin – Traders, Is This a Buy Signal?

Next: Bitcoin’s Long-Term Outlook – Why You Should Pay Attention to This Key Indicator!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

2025 Best Free Cloud Mining

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025
Most Popular

According to Token Unlock, $3.46 billion worth of cryptocurrency assets are set to hit the Altcoin market next month.

October 1, 2024

Here is the Roaring Return of Altcoins and the falling USDT Stablecoin dominant ‘Altseason’.

May 14, 2025

Cryptocurrency Staking: The Essential Guide to Passive Income Opportunities

November 30, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.