Charles Hoskinson, the founder of Cardano (ADA), is known as one of the pioneers in the development of blockchain technology. Hoskinson is a co-founder of Ethereum (ETH) and along with Vitalik Buterin has been instrumental in the development of the network. Hoskinson is the CEO of Input Output Global (IOG) that brought Cardano to life in 2015. It should be clear that the crypto genius has enormous assets; as a result, he is often referred to as one of the richest people in the world of crypto.
Part of Hoskinson’s income comes from an angle that few people would expect: He lends his private jet to stars with enormous allure.
Private jet Cardano founder: one of the biggest polluters in the US
Hoskinson has a private jet that, according to Climate Jets is one of the top fifteen largest polluters in the United States. Climate Jets is a website that tracks estimated emissions from private jets.
It claims emissions “exceed the full carbon emissions of 186 Americans.”
The website indicates that Hoskinson’s plane would have made 353 flights and is responsible for an emission of 2,895.06 tons of carbon dioxide. After enduring intense public criticism about this, stated Hoskinson that Climate Jets overestimates the use of his private jet.
In addition, he indicated that when he is not using the plane for business, he employs a company that finds customers who use it regularly. The private jet has since been awarded to big stars, including the rock band Metallica and Hollywood star Dwayne ”The Rock” Johnson.
Hoskinson’s response to SEC indictment
Hoskinson also recently appeared in the crypto news for his response to the US indictment Securities and Exchange Commission (SEC) towards Binance.
According to IOG’s CEO, the indictment is a “political and philosophical attack on the existence of crypto and what it stands for.” Despite this, however, he remains optimistic about crypto and sees this as the perfect time for the crypto sector to join forces to strive for sound rules and guidelines.
Cardano was one of the coins designated as a security by the SEC, but both IOG and the Cardano Foundation, the organization overseeing Cardano’s development, have responded by stating that they disagree with the claim.