The recent Securities and Exchange Commission (SEC) complaint against Binance has raised concerns among supporters of the cryptocurrency industry, with some fearing that it is part of a larger plan to implement “operation chokepoint 2.0” in the United States.
Some see this as an attempt to gain end-to-end control over every aspect of people’s financial lives, with the ultimate goal being a central bank digital currency (CBDC) partnered with a handful of massive banks.
Hoskinson Questions Binance SEC Complaint
Cardano founder Charles Hoskinson has weighed in on the matter, suggesting that the regulatory event is not simply a debate about compliance with a law or guidance but rather a political and philosophical disagreement with the very existence of cryptocurrencies and what they represent.
He argues that an unelected group has decided that self-sovereign identity and the freedom to control…
