Cardano ADA News: Charles Hoskinson Declares End of ’War on Digital Assets’ in U.S., Criticizes SEC’s Aggressive Stance

In a recent development, Charles Hoskinson, the co-founder of the Cardano blockchain, has made some significant statements regarding the state of the crypto industry in the United States. He has declared an end to the so-called ’war on digital assets’ and strongly criticized the Securities and Exchange Commission (SEC) for its aggressive stance towards the crypto industry.

ADA Founder Criticizes SEC’s Aggressive Stance on Crypto

Charles Hoskinson, co-founder of the Cardano blockchain, has declared that the “war on digital assets” in the U.S. has officially ended. Hoskinson criticized the SEC for its aggressive stance towards the crypto industry, stating that the regulator had branded the entire industry as criminal and had cost the sector hundreds of millions of dollars in legal fees. He further stated that if the SEC had won, they would have ‘danced on bankrupt graves’ of crypto projects.

Cardano Price Fluctuates as Whales Sell Off Over 100M ADA in a Week

Cardano’s price has been experiencing wide fluctuations due to big investors selling off their assets. Over the past week, whales holding Cardano (ADA) have unloaded 100 million tokens, significantly impacting the market. Technical indicators suggest key support at $0.53, with a potential breakout above $0.7746 that could trigger a rally towards $1.00. On-chain data reveals that addresses holding between 1 million and 10 million ADA now hold 5.89 billion tokens, marking a notable reduction in their total holdings and signaling increased selling pressure.

Cardano and AI Coin Set for Uptrend

The Dogecoin price is struggling to break back above the $0.20 mark since March 8. While top memecoins are facing challenges, investors are turning to high-utility assets like IntelMarkets (INTL) and Cardano (ADA). IntelMarkets, an AI-powered crypto project, is gaining attention for its cutting-edge trading technology and has seen a 900% price increase to $0.091. An analyst has noted that Cardano has formed a bullish inverted head and shoulders pattern.

Cardano (ADA) Price Prediction: Whales Migrate Towards Coldware

Cardano (ADA) has long been seen as one of the most promising blockchain projects in the cryptocurrency space. However, recent technical data and market trends suggest that the project may face challenging times ahead. As Cardano’s price stagnates, whales are beginning to migrate towards Coldware (COLD), a rising blockchain project that offers scalability, low transaction fees, and real-world applications.