Cardano founder Charles Hoskinson calls Ethereum staking problematic

Cardano founder Charles Hoskinson calls Ethereum staking problematic \n \n Cardano (ADA) founder Charles Hoskinson tweeted on Feb. 9 that Ethereum’s (ETH) staking is problematic. According to Hoskinson, Ethereum’s staking looks “a lot like regulated products” because it involves “temporarily giving up your assets to someone else to … get a return.”. Hoskinson was responding to Coinbase CEO Brian Armstrong’s statement that the SEC was planning to ban retail access to staking. Hoskinson implied that Cardano’s approach to staking “makes sense for a sustainable, proof of stake protocol that promotes control by the many instead of the few and creates a large decentralized environment.”. The US Securities and Exchange Commission (SEC) has increased its regulatory scrutiny over the crypto industry, bringing several cases against crypto firms. \n