Cardano Founder Set to Testify Before House Committee Overseeing CFTC


Cardano founder recently uploaded photo of his seat while waiting for hearing to start in earnest

Founder of Cardan Charles Hoskinson appears before the United States House of Representatives Agriculture Committee, Subcommittee on Commodity Trade, Energy and Credit today, June 23.

The Cardano founder recently uploaded a photo of his seat while waiting for the hearing to start in earnest. Hoskinson will provide testimony and respond to inquiries from committee members during the hearing, called “The Future of Digital Asset Regulation.”

The Agriculture Committee oversees the Commodity Futures Trading Commission (CFTC) and was established in 1820 with a focus on agriculture, among other responsibilities, including commodity oversight.

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

Cardano Joins Linux Founder as a Gold Member

Cardano has announced its membership in the Linux Foundation as a Gold member, becoming the only active non-profit organization at this level. As previously reported, Cardano Foundation Director of Open Source Dirk Hohndel had a fireside chat with Linux creator Linus Torvalds at the Linux Open Source Summit in Austin.

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

Native Cardano tokens topped 5.3 million, while Plutus script count was 2,817. ADA is currently trading at $0.469, down 1% in the past 24 hours, according to data from CoinMarketCap .


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