Charles Hoskinson posted an extensive tweet commenting on the SEC lawsuit against the largest crypto exchange Binance. After reading the 130-page complaint from the regulator, the businessman called it “a massive program to stifle the crypto industry” and oust it from the United States financial system. The ultimate goal of the campaign is the introduction of a digital dollar, thanks to which the US Federal Reserve System (Fed), with the participation of large banks, will be able to gain complete control over the finances of citizens, Hoskinson suggested:
“The actions of the SEC seem to be a political and philosophical disagreement with the very existence of cryptocurrencies. Some group of people arbitrarily decided that the people are forbidden to have their own sovereignty, own their own wallet and independently control their finances. Decided that it should be available only to a select few.
The founder of Cardano believes that the actions of the SEC could lead to the creation of a dystopia, in comparison with which “Orwellian 1984 will seem like a vacation.” Hoskinson was referring to George Orwell’s novel 1984, which is set in a totalitarian society ruled by one party. The party controls every aspect of the life of the citizens of the country, constantly watching them and spreading propaganda. Hoskinson believes that in order to fight the SEC filing lawsuits against crypto exchanges, the industry must join forces and adopt sound guidelines that will prevent the US from “sliding into a dystopia.”
A few months ago, when the SEC launched an investigation into the Kraken exchange, Charles Hoskinson criticized the agency and its chairman, Gary Gensler, accusing officials of lying.
Source: Bits
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