- The founder of Cardano, Charles Hoskinson, has taken to Twitter to detail his stance on the ongoing events.
- Hoskinson responded to the lawsuits filed by the SEC against Binance, explaining that it is extremely important that the entire crypto community join forces.
The cryptocurrency community has been rocked with a series of concerning new developments, all of which tie back to the U.S Securities and Exchange Commissions. After the regulatory body slammed Binance and Coinbase, two of the largest cryptocurrency exchanges with a lawsuit, key players have collectively voiced their opinions on the SEC’s move, and concerning the future of cryptocurrencies.
Like many other prominent figures in the cryptocurrency industry, Charles Hoskinson, the founder of Cardano, has taken to Twitter to give his two cents on the situation.
The Cardano founder shared his thoughts on the SEC’s complaint, which he has read. According to Hoskinson, the complaint might be a part of steps that the SEC is taking, in order to integrate a new checkpoint in the United States. Hoskinson believes that at the core of this checkpoint is the implementation of Central Bank Digital Currencies (CBDCs). Hoskinson asserted.
With respect to Binance, I’m reading through the SEC complaint. It’s over 130 pages, but seems like the next in a series of steps to implement chokepoint 2.0 in the United States. The end goal is a agenda based CBDC partnered with a handful of massive banks and end-to-end control over every aspect of your financial life.
With respect to Binance, I'm reading through the SEC complaint. It's over 130 pages, but seems like the next in a series of steps to implement chokepoint 2.0 in the United States. The end goal is a agenda based CBDC partnered with a handful of massive banks and end-to-end control…
— Charles Hoskinson (@IOHK_Charles) June 5, 2023
He insists that the ongoing crackdown on crypto exchanges is not a form of regulation. Instead, the ongoing events are a “philosophical disagreement with the very existence of cryptocurrencies and what they represent.”
Unity amongst crypto proponents is necessary for the community to tackle the SEC, says Charles Hoskinson
Charles Hoskinson shares the same sentiments as many crypto players who believe that an unelected group of people (the SEC) are actively coming together to make decisions about wallet ownership, self-sovereign identity, and control over one’s economic agency and how that should be taken from the masses and given to an “enlightened” few.
He concluded that the ongoing events are not new in the crypto space. He calls for unity amongst the entire crypto community, as he asserts that coming together will help them to prevent the U.S. from taking drastic actions. The Cardano founder wrote in the later part of his tweet.
Honestly, what is happening isn’t anything new. It’s always the same fight between freedom and authoritarianism just with different players, technology, and words. It does seem like this event is a perfect opportunity for the entire industry to set aside it’s fragmented nature and unite for a common sense set of rules and guidelines that can prevent the United States from slipping into a distopia that would make 1984 look like a vacation.
