Wednesday, July 30, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Cardano Pulled Out Of El Salvador Deal, Hoskinson Claims

by SB Crypto Guru News
July 8, 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), revealed in a newly published interview that his company passed on a potential deal with the government of El Salvador due to serious legal and geopolitical concerns—specifically involving a proposed airdrop that would have included members of the MS-13 criminal gang.

Cardano Founder Rejected El Salvador Deal

The comments came during an appearance on The Shawn Ryan Show, where Hoskinson disclosed that his team was approached by El Salvador’s administration. According to Hoskinson, the discussions stalled almost immediately after the idea of a mass airdrop to the entire population—including individuals on international sanctions lists—was introduced.

“Bukele, for example, wanted to do an airdrop to everybody in El Salvador,” Hoskinson said, referring to President Nayib Bukele. “And we’re like, okay, but MS-13 is on an OFAC list. And so if we give Bitcoin to all these people, we’re facilitating a transfer of value to a terrorist organization. That’s no bueno.”

Hoskinson emphasized that distributing tokens to sanctioned individuals—whether knowingly or unknowingly—could be considered a violation of US federal law, particularly OFAC (Office of Foreign Assets Control) sanctions, and might invite prosecution or regulatory retaliation. “So Justice Department has to give a clearance and understand what the rules are and everything. We just couldn’t get there,” he said. “So we passed on the deal after a week, but it was just wild.”

Cory Bates, who posted the clip on X, underscored the gravity of Hoskinson’s claims, tagging prominent El Salvador Bitcoin advisors Max Keiser and Stacy Herbert and asking whether they believed the story. At the time of publication, neither Keiser nor Herbert had responded publicly.

However, Keiser’s past commentary on Hoskinson and Cardano paints a picture of longstanding hostility. In a series of posts from mid-2022, Keiser wrote: “Cardano: Centralized, and an obvious unregistered security headed up by Charles Hoskinson who his associates allege is a pathological liar.” He further claimed: “Reportedly, El Salvador tossed this crackpot loser out of the country when he showed up peddling scams.”

In another post, Keiser alleged that El Salvador had “standing orders not to let him operate” in the country. These accusations have never been formally substantiated, and Hoskinson has generally not responded to them publicly until now.

The new revelations add a controversial layer to the early narrative around El Salvador’s Bitcoin strategy, which has centered almost entirely around the country’s partnership with Bitcoin maximalists and the rollout of BTC as legal tender. Cardano, often dismissed by Bitcoin proponents as too academic or too centralized, had not previously been considered a serious contender in Bukele’s national crypto vision.

At press time, Cardano traded at $0.573.

Cardano price
Cardano price, 1-week chart | Source: ADAUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: Bitcoin NewsCardanoclaimsCrypto NewsCrypto UpdatesDealHoskinsonLatest News on CryptopulledSalvadorSB Crypto Guru News
Previous Post

Scam targets dormant Bitcoin wallets with fake legal notice

Next Post

Is PumpFun losing its crown

Related Posts

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse has made it...

BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH?

BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH?

by SB Crypto Guru News
July 30, 2025
0

The US Securities and Exchange Commission (SEC) has acknowledged a Nasdaq filing proposing an amendment to BlackRock iShares Ethereum Trust...

Coinbase, JPMorgan Chase Partner to Simplify Crypto Access for Chase Customers

Coinbase, JPMorgan Chase Partner to Simplify Crypto Access for Chase Customers

by SB Crypto Guru News
July 30, 2025
0

Coinbase and JPMorgan Chase announced a partnership Wednesday to provide Chase’s over 80 million customers with new ways to access...

M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft

$17M XRP/USD Heist: Widow of Country Legend George Jones Victimized in Crypto Theft

by SB Crypto Guru News
July 30, 2025
0

What started as a suspicion of cheating ended with an arrest for XRP/USD theft. Nancy Jones, widow of country icon...

Strategy Buys .46B Bitcoin As ETH Firm BTCS Plans B Raise

Strategy Buys $2.46B Bitcoin As ETH Firm BTCS Plans $2B Raise

by SB Crypto Guru News
July 30, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Corporate crypto accumulation continues after Michael Saylor’s...

Load More
Next Post
Is PumpFun losing its crown

Is PumpFun losing its crown

Bow Valley Credit Union In Canada Turns On Bitcoin Purchases For Albertans 

Bow Valley Credit Union In Canada Turns On Bitcoin Purchases For Albertans 

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.