Charles Hoskinson criticized for HEX and PulseChain Ideas

• Charles Hoskinson was criticized for a recent comment on HEX and PulseChain.
• Hoskinson said the SEC's case against HEX and founder Richard Heart will not end well.
• A trader said they will sell all their ADA tokens in defiance of Hoskinson's comments.

Cardano founder Charles Hoskinson is facing criticism after his recent statements about HEX, PulseChain, PulseX, and their founder, Richard Heart.

In an interview with FOX Business contributor David Gokhshtein, Hoskinson talked about the new Securities and Exchange Commission (SEC) and its chairman, Paul Atkins. He talked about how the SEC could affect the crypto market. Hoskinson pointed out that although there are civil servants in the enforcement department, the Commissioners and the Chairman are elected politicians.

Because of this, any change in political leadership will take time to reach the bureaucratic level. However, once these politicians have their way, Hoskinson expects the SEC to have back-to-back meetings with crypto companies that are facing lawsuits. He believes these meetings will result in settlements or an admission of guilt by the SEC. The agency could impose fines on some cases as well.

However, Hoskinson said cases like HEX and its founder Richard Heart are different and won't end well. He said authorities have serious charges against them.

Background and effects

Crypto trader called “SHILL GATES” Hoskinson in a post on X (formerly Twitter). SHILL GATES said that Hoskinson's comments are not true and that the Cardano founder is “intentionally being deceptive and basically lying about Heart, HEX, and PulseChain.”

SHILL GATES also pointed out that while Gokhshtein asked about the SEC's lawsuit against crypto companies, Hoskinson “deliberately conflates” the lawsuit with the criminal case against Heart out of Finland.

Also read: Hoskinson addresses concerns about Cardano ecosystem governance, calls for unity

Richard Heart is wanted by the Finnish authorities for tax evasion and assault. On January 7, they seized $2.6 million worth of luxury watches, mostly Rolexes, which they believe belong to Heart.

SHILL GATES expressed anger at the lack of pushback from Gokhshtein and Hoskinson's efforts to sabotage HEX and PulseChain.

In protest, he said he plans to sell his ADA badges, calling Hoskinson's behavior “absolutely disgraceful.” Hoskinson rudely replied: “don't let the door kick you on the ass on the way out.”