Recent data shows that cryptocurrency whales have been active in moving around Cardano's native coin ADA. Whales have transferred over 70 million ADA coins in just four days, likely as a sell-off by wallets holding 10,000,000 to 1,000,000 ADA. Despite a price increase of over 24%, ADA has seen a decline and is currently trading at $0.786. Cardano founder Charles Hoskinson discussed recent shifts within the U.S. Securities and Exchange Commission, noting that Hester Peirce will create a commission within the SEC to adopt a crypto-friendly policy. Hoskinson expects basic regulatory laws to be passed within 90 to 100 days, with stablecoins likely being the first crypto assets to have clear regulations. Despite a recent massive crypto liquidation, Hoskinson believes the crypto markets are strong and healthy.



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