Charles Hoskinson, Co-Founder and CEO of Input Output Global (aka “IOG”), the blockchain technology company driving Cardano’s research and development, emphasized the need for legislation that recognizes the advantages of cryptocurrencies on Thursday (October 13).
The CEO of the IOG, as reported by The Daily Hodl, stated: As the saying goes, “We need to do this if we want to advance to the next level. As many of you are aware, our goal is for Cardano and cryptocurrencies in general to become the global financial operating systems. And my life’s greatest interest has always been banking the unbanked and providing the unbanked with an economic identity they control, which is self-sovereign and eventually global in nature, as well as protecting human rights, the freedom of association, trade, and speech.
Hoskinson revealed in an interview on October 11 why he is long-term positive on cryptocurrencies. During an interview with Maria Bartiromo, the host of “Mornings with Maria” on the American cable television network Fox Business Network, he made some remarks.
When Bartiromo questioned Hoskinson on his current view of the crypto business and how he anticipated U.S. crypto regulation to evolve, the IOG CEO responded:
“It’s a difficult market. The stock markets are down nine trillion dollars, and the cryptocurrency markets do not seem to be immune, but I’ve been through seven boom and bust cycles in the last eight years. So, we’ve been used to it. We’ve become used to volatility, but the underlying fundamentals remain quite robust.
All infrastructure continues to be constructed. There are many beautiful interactions taking place. A multitude of effective regimens is in use. As such, it is business as usual, and the majority of big players are still constructing and engaging in exciting activities. Therefore, I am hopeful about the long run, but the near term will be difficult.
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