Charles Hoskinson — the creator of major cryptocurrency Cardano (CRYPTO: ADA) — suggested the U.S. regulatory system and agencies are not ready to handle the crypto ecosystem and its implications.
What Happened: While talking via satellite phone from his private jet to the audience at the Financial Times Crypto and Digital Assets Summit, Hoskinson said the U.S. regulatory agencies have trouble managing cryptocurrencies' ability to change how they can be used, which would change how they should be categorized, according to a Friday Decrypt report.
