Cardano founder takes jab at crypto critics in wake of bank failures CardanoADA ADA $ADA IOHK SVB CardanoCommunity
Hoskinson compared the operations of major cryptocurrency firms like Circle, Paxos and Tether with those of banks, emphasizing that these firms have endured under conditions that largely caused banks to fail.Government: “CRYPTO IS SUPER RISKY.”Government: “SEE, CRYPTO IS SUPER RISKY.”He inferred that, despite the resilience of these crypto companies, the perception regarding crypto has not changed a bit.
released a statement titled,"The Administration’s Roadmap to Mitigate Cryptocurrencies' Risks." Much of the legislative advice provided by the administration was directed at the U.S. Congress.SVB is the most recent bank to go under over the past few days. Its sudden collapse, which left billions of dollars belonging to businesses and investors stranded, made it the largest bank to fail since the 2008 financial crisis.
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