{"id":297277,"date":"2023-02-09T11:30:33","date_gmt":"2023-02-09T11:30:33","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=297277"},"modified":"2023-08-02T14:39:14","modified_gmt":"2023-08-02T13:39:14","slug":"cardano-founder-charles-hoskinson-calls-ethereum-staking-problematic","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cardano-founder-charles-hoskinson-calls-ethereum-staking-problematic\/","title":{"rendered":"Cardano founder Charles Hoskinson calls Ethereum staking problematic"},"content":{"rendered":"<p>Cardano (<a href=\"https:\/\/cryptoslate.com\/coins\/cardano\/\">ADA<\/a>) founder Charles Hoskinson tweeted on Feb. 9 that Ethereum's (<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>) staking is problematic.<\/p>\n<p>According to Hoskinson, Ethereum's staking looks &#8220;a lot like regulated products&#8221; because it involves &#8220;temporarily giving up your assets to someone else to &#8230; get a return.&#8221; He <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1623530728830144514?s=20&t=bu8X2yFHSQXvKGBYa-vixg\">added<\/a> that:<\/p>\n<blockquote><p>&#8220;Locking funds, encouraging centralization, and poor protocol design hurts the whole industry.&#8221;<\/p><\/blockquote>\n<p>Hoskinson was responding to Coinbase CEO Brian Armstrong's <a href=\"https:\/\/cryptoslate.com\/coinbase-ceo-says-sec-wants-to-ban-retail-staking\/\">statement<\/a> that the SEC was planning to ban retail access to staking.<\/p>\n<p>Hoskinson implied that Cardano's approach to staking &#8220;makes sense for a sustainable, proof of stake protocol that promotes control by the many instead of the few and creates a large decentralized environment.&#8221;<\/p>\n<p>The US Securities and Exchange Commission (SEC) has increased its regulatory scrutiny over the crypto industry, bringing several <a href=\"https:\/\/cryptoslate.com\/sec-charges-gemini-genesis-over-earn-program\/\">cases<\/a> against crypto firms. The Commission's chairman Gary Gensler previously <a href=\"https:\/\/cryptoslate.com\/ethereum-security-question-rages-post-merge\/\">said<\/a> crypto exchanges offering staking services offer services similar to lending even if there are changes in the labeling.<\/p>\n<p>The comment generated several heated responses from the crypto community over the Commission's understanding of crypto staking. Hoskinson said:<\/p>\n<blockquote><p>&#8220;All proof of stake protocols might get lumped together due to a fundamental misunderstanding about the actual facts of operation and design [of staking].&#8221;<\/p><\/blockquote>\n<p>Meanwhile, this is not the first time Hoskinson criticized\u00a0Ethereum's staking. The Cardano founder previously <a href=\"https:\/\/cryptoslate.com\/cardano-founder-charles-hoskinson-calls-ethereum-hotel-california-of-crypto\/\">described<\/a> the blockchain network as the &#8220;Hotel California of crypto.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano (ADA) founder Charles Hoskinson tweeted on Feb. 9 that Ethereum&#8217;s (ETH) staking is problematic. According to Hoskinson, Ethereum&#8217;s staking looks &#8220;a lot like regulated products&#8221; because it involves &#8220;temporarily giving up your assets to someone else to &#8230; get a return.&#8221; He added that: &#8220;Locking funds, encouraging centralization, and poor protocol design hurts the [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":347089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77923],"tags":[75379,77222,77724],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano founder Charles Hoskinson calls Ethereum staking problematic<\/title>\n<meta name=\"description\" content=\"Cardano&#039;s Charles Hoskinson fears that the SEC might lump all staking protocols together because of a misundersatnding of their operations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/cardano-founder-charles-hoskinson-calls-ethereum-staking-problematic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano founder Charles Hoskinson calls Ethereum staking problematic\" \/>\n<meta property=\"og:description\" content=\"Cardano&#039;s Charles Hoskinson fears that the SEC might lump all staking protocols together because of a misundersatnding of their operations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/cardano-founder-charles-hoskinson-calls-ethereum-staking-problematic\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T11:30:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-02T13:39:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/charles-hoskinson-ethereum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/cardano-founder-charles-hoskinson-calls-ethereum-staking-problematic\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/cardano-founder-charles-hoskinson-calls-ethereum-staking-problematic\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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