Charles Hoskinson, the founder of Cardano (ADA) remarked that If ADA were to be considered a security by the SEC, then the same could be said of other top cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC). Going further, he noted that the United States regulatory agency does not “get to say that Cardano lives or dies,” citing that only the ADA community has such power. 

Charles Hoskinson, the founder of Cardano, has recently stated that a settlement in the ongoing lawsuit between Ripple Labs and the United States Security and Exchange Commission (SEC) would have a catastrophic implication on the crypto industry.

In a casual conversation between Cardano community members and Solana community members, it appears that both parties are eyeing the possibility of Solana becoming a Cardano sidechain.

Charles Hoskinson isn’t interested in Cardano pushing into the Indian market until the south Asian country drops its <a href="https://zycrypto.com/tax-rates-to-cap-at-28-as-india-calls-for-crypto-transaction-tax-meeting/">anti-crypto policies</a> for progressive regulations.

A tweet on 8 December revealed that&nbsp;<a href="https://ambcrypto.com/polkadots-dot-weekly-roundup-has-these-interesting-insights-for-its-traders/">Polkadot</a> out-competed other networks in terms of ecosystem expansion and development activity. This growth, however, did not translate to the social front as engagements and sentiment for <a href="https://ambcrypto.com/will-dot-continue-walking-on-thin-ice-disregarding-polkadots-milestone/">Polkadot</a> declined.

Cardano’s (ADA) ecosystem continues to expand despite the uncertainty in the cryptocurrency market, which has been heavily impacted this year by the implosion of the Terraform Labs ecosystem and now by the crypto exchange collapse involving FTX.

Binance.US, an American subsidiary of the Binance exchange, now allows its users to trade Cardano (ADA) against USD Coin (USDC), according to a recent announcement. In addition, Cardano rival Solana (SOL) can also be traded against the second-biggest stablecoin. Binance.US has noted that the two cryptocurrencies aim to achieve "scalability, interoperability, and sustainability."

Cardano is a joke. That’s it. That’s the number one rule for getting into crypto.

The <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a> may be swimming in a sea of red, but the work at Cardano (<a href="https://finbold.com/cryptocurrency/cardano/">ADA</a>) doesn’t seem to be slowing down, including on its new privacy-focused <a href="https://finbold.com/topic/blockchain/">blockchain</a>, <a href="https://midnight.iohk.io/" target="_blank">Midnight</a>, as the platform’s founder Charles Hoskinson recently detailed.

Despite the recent setbacks, the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency sector</a> continues to expand, led by the developments and innovations of major ecosystems such as the Cardano (<a href="https://finbold.com/cryptocurrency/cardano">ADA</a>) network, which has recently renewed its <a href="https://finbold.com/guide/stablecoins/">stablecoin</a> tests.