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The founder of Cardano, Charles Hoskinson, has shared his insights on the recent departure of Binance’s CEO and its implications. He describes this event as the end of an era in the crypto industry. According to Hoskinson, Binance’s former CEO, Changpeng Zhao, resigned not due to fraud charges but because he allowed American criminals to trade and make transactions on the exchange. Hoskinson predicts that Binance will continue operating but under the supervision of the US government, with all decisions being made in consultation with the US Treasury Department. He also anticipates increased regulatory scrutiny in the crypto industry as a result of this situation, with the US government potentially taking enforcement actions against liquidity providers and non-custodial wallets. Hoskinson highlights that Cardano has been proactive in anticipating these changes and has developed innovative processes, such as the Midnight protocol, to balance decentralization and regulatory compliance.