• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

I Had No Clue This Was Happening…

2025-07-24

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    I Had No Clue This Was Happening…

    2025-07-24

    Why Bitcoin’s Going Vertical: $100M Mat, Debt Spiral, + ETF Surge!

    2025-07-24

    Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

    2025-07-24

    What Happens If You Buy Bitcoin Daily? (You’ll Be Shocked!)

    2025-07-24
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law
Regulation

‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law

2024-05-09No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US House Republicans Blast Biden Administration’s Attack on the Crypto Ecosystem
Share
Facebook Twitter LinkedIn Pinterest Email

The creator of smart contract platform Cardano (ADA) is calling out President Joe Biden’s stance on a planned resolution that would enfeeble the U.S. Securities and Exchange Commission (SEC).

In a new video update, Charles Hoskinson tells his 315,000 YouTube subscribers that Biden saying he would veto H.J. Resolution 109 if passed is “just a bunch of noise and garbage.”

“Blah blah blah just a bunch of noise and garbage. It’s one thing to have regulation by enforcement, it’s another thing to say that when the legislative branch comes together, talks to everybody, and comes up with proposals for how we as a nation can innovate and move forward, that you’ll just veto it.”

Earlier this week, the Biden Administration sent out a memo saying that the passage of HJ Resolution 109 would disrupt the SEC from being able to protect investors within the crypto markets as it would invalidate SAB 121, which provides regulations for entities holding digital assets on behalf of others.

In the statement, the Biden Administration said he would veto H.J. Resolution 109 if passed.

“H.J. Resolution 109 would invalidate SEC Staff Accounting Bulletin 121 (SAB 121), which reflects considered SEC staff views regarding the accounting obligations of certain firms that safeguard crypto assets…

Limiting the SEC’s ability to maintain a comprehensive and effective financial regulatory framework for crypto-assets would introduce substantial financial instability and market uncertainty. If the President were presented with H.J. Res. 109, he would veto it.”

H.J. Resolution 109 is a bipartisan resolution proposed in February and sponsored by Nebraska Representative Mike Flood.

See also  [URGENT] SEC Accepts Final Bitcoin ETF Applications...APPROVAL NEAR!!!!

 

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney
Featured Image: Shutterstock/WindAwake

Bidens Blasts Bunch Cardano Creator custody garbage Law Noise Planned Repeal SEC Stance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano Finds A Use Case (Finally)

2025-06-28

Cardano & Polkadot’s Bitcoin Strategy: ADA & DOT To Pump?!

2025-06-26

Bitcoin And The Iron Law Of Oligarchy

2025-06-23

Why Hong Kong Needs Bitcoin: EXILED For Freedom | Nathan Law

2025-05-20
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Blur holders see gains slip away, but is there reprieve in sight?

2023-07-08

BLUR holders were stuck in the deep trenches of unprofitability at press time. BLUR’s TVL…

Blockchain

Robert F. Kennedy Jr proposes putting the 2024 US budget on blockchain

2024-04-22

United States presidential candidate Robert F. Kennedy Jr. has proposed to put the nation’s 2024…

Bitcoin

Bitcoin [BTC]: Analyzing the factors behind king coin’s declining volatility

2023-05-17

Over the last 30 days, Bitcoin’s volume declined by nearly 37%. BTC worth $1.3 billion…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

I Had No Clue This Was Happening…

2025-07-24

Why Bitcoin’s Going Vertical: $100M Mat, Debt Spiral, + ETF Surge!

2025-07-24
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,536.76
ethereum
Ethereum (ETH) $ 3,807.78
xrp
XRP (XRP) $ 3.18
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 798.78
solana
Solana (SOL) $ 185.57
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235775
staked-ether
Lido Staked Ether (STETH) $ 3,805.76
tron
TRON (TRX) $ 0.321643
bitcoin
Bitcoin (BTC) $ 118,536.76
ethereum
Ethereum (ETH) $ 3,807.78
xrp
XRP (XRP) $ 3.18
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 798.78
solana
Solana (SOL) $ 185.57
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235775
staked-ether
Lido Staked Ether (STETH) $ 3,805.76
tron
TRON (TRX) $ 0.321643