Cardano ADA News: Charles Hoskinson Slams US SEC Over Regulatory Approach

In a recent development, Cardano’s founder Charles Hoskinson has taken a strong stance against the United States Securities and Exchange Commission (SEC), expressing his dissatisfaction with the regulatory body’s approach under Gary Gensler’s administration.

Cardano Founder Charles Hoskinson Slams US SEC

Cardano founder Charles Hoskinson expressed dissatisfaction with the United States Securities and Exchange Commission (SEC) in a recent post. He criticized the SEC’s regulation-by-enforcement approach under Gary Gensler’s administration, which has led to legal fees costing the crypto industry hundreds of millions and billions lost in market capitalization. Hoskinson highlighted this issue on March 17.

Skyren DAO Community Mass-Purchasing Cactuses as Cardano Holders Shock Crypto Market

Crypto traders have engaged in unusual behavior by mass-purchasing cactuses, leading to speculation, meme wars, and a spike in cactus-related NFTs. Cardano (ADA) holders are reportedly behind this trend, but the reason behind it remains unclear. The action has sparked discussions about the state of ADA and how Skyren DAO is benefiting from the chaos.

Cardano (ADA) Breakout Incoming, Coinbase & ETF Developments Fuel Optimism

Cardano (ADA) is up 6% this week due to the general crypto market uptrend. Coinbase will launch Cardano futures on March 31, and Hashdex has included ADA in its Nasdaq Crypto Index US ETF. The key resistance level to watch is $0.80, and a breakout could lead to further increases. With Bitcoin’s rally boosting altcoins, Cardano is one of the biggest gainers in the market uptrend. Currently, ADA is trading at $0.717 with a 24-hour trading volume of $1.36 billion and a market capitalization of $25.27 billion.

Cardano (ADA) Price Prediction for March 18

ADA, the native token of the Cardano blockchain, appears to be continuing its ongoing consolidation. Over the past week, ADA has been trading within a tight range between $0.69 and $0.75. However, the prevailing market uncertainty has left investors and traders uncertain about building positions. According to expert technical analysis, ADA is currently at the lower boundary of its consolidation zone and is poised for upside momentum, provided it holds above the $0.69 level in the coming days. IfADA remains above this lower boundary, there is a strong possibility it could soar.