Cardano Founder Charles Hoskinson has weighed in on the recent open letter published by a group of influential figures within the cryptocurrency space, which accuses US regulators of waging a war on crypto. The letter, which can be found here, addresses a number of concerns related to the regulatory environment in the United States and its impact on the rapidly growing cryptocurrency sector.

Hoskinson, a prominent figure in the crypto community and the founder of Cardano, a leading decentralized blockchain platform, shared his views on the matter during a live stream. He expressed his support for the open letter and emphasized the importance of a balanced approach to regulation that encourages innovation and protects investors without stifling growth.

The Cardano founder stressed that the United States has an opportunity to lead the world in the digital economy and that sensible regulation is key to achieving this. He urged US regulators to work together with the crypto industry in order to create a regulatory framework that promotes transparency, fairness, and cooperation.

In addition to discussing the open letter, Hoskinson also touched upon Ethereum Co-Founder Vitalik Buterin’s recent announcement of launching zkEVM with a message to Polygon (MATIC). zkEVM is an Ethereum Virtual Machine compatible with zero-knowledge proofs, aiming to enhance privacy and scalability in the blockchain ecosystem.

Hoskinson acknowledged the significance of zkEVM, highlighting the potential it has to revolutionize the crypto space by offering new levels of privacy, security, and scalability. He congratulated Buterin and the Polygon team, noting that advancements in technology like zkEVM further demonstrate the importance of fostering innovation within the blockchain and cryptocurrency sectors.

The Cardano founder’s comments serve as a reminder of the growing influence of cryptocurrency and the need for regulators to strike the right balance when it comes to overseeing this rapidly evolving industry. As the conversation around regulation continues, it remains to be seen how US authorities will respond to the concerns raised in the open letter and the call for a more collaborative approach to rule-making.