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Cardano Founder Hoskinson Asserts ADA Staking Is Not a Security

Reacting to recent SEC guidance, Charles Hoskinson, CEO of Input | Output, clarified that ADA staking should not be classified as a security.

ADA

Summary

Charles Hoskinson, founder and CEO of Cardano's Input | Output, stated in a press reaction that ADA staking is not deemed a security, following the latest SEC guidance. His comments reinforce Cardano's perspective on staking practices.

Terms & Concepts
  • ADA Staking: The process by which Cardano token holders lock up ADA to support network operations and earn rewards.
  • SEC: The U.S. Securities and Exchange Commission responsible for regulating securities markets.