Many prominent figures in the crypto industry have spoken out in favor of Binance.
Hoskinson pointed out that the latest SEC move seems more like enforcement by force.
Shockwaves have been felt across the cryptocurrency industry after Monday’s SEC lawsuit against cryptocurrency exchange Binance. Over the last 24 hours, Bitcoin and the cryptocurrency market as a whole have dropped by 4%.
Many prominent figures in the cryptocurrency industry have spoken out in favor of Binance and its leadership team. Charles Hoskinson, CEO of Cardano, described the SEC’s move as “a series of steps to implement chokepoint 2.0 in the United States” in a lengthy tweet.
He said that the SEC had an “agenda” of promoting CBDC in the market. Via collaboration with leading banks and comprehensive regulation of the financial industry.
Enforcement by Force
In addition, Hoskinson pointed out that the latest SEC move seems more like enforcement by force than enforcement by conversation and debate. He al

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