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Cardano Founder Set to Testify Before House Committee Overseeing CFTC

Crptoz by Crptoz
June 23, 2022
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Tomivabold Olazide

Cardano’s founder recently uploaded a picture of his seat while waiting for the hearing to begin

cardano founder Charles Hoskinson Appearing today, June 23, before the US House of Representatives Committee on Agriculture, the Subcommittee on Commodity Exchanges, Energy and Credit.

The Cardano founder recently uploaded a picture of his seat while waiting for the hearing to begin. During the hearing titled “The Future of Digital Asset Regulation,” Hoskinson will testify and answer questions from committee members.

pic.twitter.com/Ufd80tv99A

— Charles Hoskinson (@IOHK_Charles) 23 June 2022

The Committee on Agriculture oversees the Commodity Futures Trading Commission (CFTC) and was established in 1820 with a focus on farming, as well as overseeing commodities, among other responsibilities.

To regulate the trading of commodity futures, the Commodity Futures Trading Commission (CFTC) was established in 1974 in the United States of America. In recent years, Bitcoin and Ethereum have often been viewed as commodities.

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Cardano joins Linux founder as gold member

Cardano has announced its inclusion as a GOLD member of the Linux Foundation, the only non-profit organization operating at this stage. As previously reported, Cardano Foundation Chief Open Source Officer Dirk Hondel had a fireside chat with Linux creator Linus Torvalds at the Linux Open Source Summit in Austin.

In its last weekly growth update, IOHK provided statistics on network growth. Currently, there are 1,020 projects being built on Cardano, up from 1,004 earlier. A total of 90 projects have been launched on Cardano recently, while the number of NFT projects has increased to 5,868.

Cardano Native Token has crossed 5.3 million, while the number of Plutus scripts stood at 2,817. According to CoinMarketCap data, ADA is currently trading at $0.469, down 1% over the past 24 hours.


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