As reported CoinPedia A few days ago, well-known crypto lawyer John Deaton predicted that crypto regulation wouldn’t come to the United States until at least 2025 or even later. And now, Cardano founder Charles Hoskinson has mirrored that prediction.
Crypto journalist Eleanor Terrett interviewed the beloved crypto public figure, and in the interview, Hoskinson share his thoughts on the regulation of cryptocurrencies in the United States.
According to Hoskinson’s assessment, we won’t see any significant change in the status quo until 2025 at the earliest. He further reacted to the tweet that shared his interview by saying that given the current situation in Washington and the fact that 2024 is an election year, we have a window of opportunity for a legislative movement of six to nine months this year, then the next is 2025. Before FTX, he would have said 2023, but after the infamous collapse of the former world’s second-largest exchange, Hoskinson said he thinks 2025 is the most likely outcome.
“There is, however, some hope as a number of MoCs seek to establish a healthier regulatory framework for the industry. There are also very few potential bipartisan issues this session.
In his own prediction, John Deaton expresses the view that the SEC’s policy of regulating the market through the use of the app may persist as the sole source of guidance for the market. That is, precedents set by the Federal District Court, such as its decision in the Ripple case, could be used as pointers.
“I think Q1 or Q2 of 2025 is probably as soon as possible and I may be overly optimistic with that time estimate.”