XRP Would Have Been Security Under New Crypto Bill, Cardano Founder Says

Cardano founder Charles Hoskinson critiques a new crypto bill, arguing that XRP would have been classified as a security under its provisions. The bill reportedly places the burden of proof on crypto projects to demonstrate they are not securities, potentially creating ongoing regulatory uncertainty.

• →Hoskinson believes XRP would be classified as a security under the new crypto bill.
• →The proposed legislation places burden of proof on crypto projects to prove they are not securities.
• →This regulatory approach could trap crypto projects in endless regulatory limbo.
• →The bill represents a potentially restrictive stance on cryptocurrency classification.
• →Regulatory uncertainty continues to be a major concern for the crypto industry.