Hoskinson: CZ and Old Guard Face Regulatory Crackdown, Decentralization Is Future
• Charles Hoskinson claimed CZ's downfall marks "end of an era" of crypto entrepreneurs who grew fast while skirting regulations
• Hoskinson said CZ represented the "second wave" of crypto innovation after Bitcoin, building a "Leviathan" in Binance
• However, new regulations mean entrepreneurs can't operate centralized systems without complying, according to Hoskinson
• He suggested solutions may be highly decentralized systems like Midnight that facilitate transactions via algorithmic law
• This comes after CZ stepped down as Binance CEO and posted $15M bond amid charges of violating Bank Secrecy Act