Cardano (ADA) creator Charles Hoskinson warns that the FTX crypto exchange fiasco is likely to have negative implications for the digital asset industry.
In a new video, Hoskinson says that while the liquidity troubles facing FTX won’t directly affect the Cardano ecosystem, they will “cause issues” for the crypto industry.
“Effectively speaking, this [FTX’s insolvency] does not directly impact the Cardano ecosystem. But as members of the broader cryptocurrency space, this will likely cause issues for all of us.”
According to Hoskinson, FTX’s potential failure is likely to attract more scrutiny to the crypto industry.
“In particular, there is the case that FTX has been lobbying very heavily in Washington, D.C. Their failure could change the political landscape in unpredictable ways…
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