US Crypto Legislation May Take Decades to Implement

Charles Hoskinson, the founder of Cardano, has expressed concerns about the potential impact of proposed US crypto legislation on the industry.

Hoskinson believes that the legislation, if implemented, may take over a decade to become fully functional. He claims this could create an uneven playing field, where established cryptocurrencies benefit at the expense of new entrants.

The Cardano founder also criticized the current regulatory environment, stating that new projects are treated as securities by default, hindering their growth and innovation.