{"id":79851,"date":"2023-06-07T11:33:59","date_gmt":"2023-06-07T08:33:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79851"},"modified":"2025-09-11T13:24:36","modified_gmt":"2025-09-11T10:24:36","slug":"charles-hoskinson-explains-the-reasons-behind-the-secs-lawsuit-against-binance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/charles-hoskinson-explains-the-reasons-behind-the-secs-lawsuit-against-binance\/","title":{"rendered":"Charles Hoskinson explains the reasons behind the SEC&#8217;s lawsuit against Binance"},"content":{"rendered":"<p>The <span data-descr=\"Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>&#8216;s case against the bitcoin exchange Binance is driven by the regulator&#8217;s &#8216;political and philosophical disagreement&#8217; with the very existence of cryptocurrencies, says Cardano founder Charles Hoskinson.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">With respect to Binance, I&#8217;m reading through the SEC complaint. It&#8217;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\u2026<\/p>\n<p>\u2014 Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1665780536177217537?ref_src=twsrc%5Etfw\">June 5, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He noted that the regulator&#8217;s attacks are a step toward implementing chokepoint 2.0. The final stage of this &#8216;program&#8217; will be the adoption and launch <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">central bank digital currency<\/a>, Hoskinson says.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;An unelected group of people has decided that notions such as sovereign identity, wallet ownership, and the freedom to control one&#8217;s finances should be taken from the masses and handed to the &#8216;enlightened&#8217; few,&#8221; said the Cardano founder.<\/p>\n<\/blockquote>\n<p>In his view, the event is a signal to the entire crypto industry to unite to create a set of rules and guidelines grounded in common sense. Otherwise the United States will slide into a dystopia more dire than Orwell&#8217;s 1984, Hoskinson added.<\/p>\n<p>The Cardano founder concluded his remarks with an optimistic forecast, noting a &#8216;bright future&#8217; for the digital assets space.<\/p>\n<p>On June 5, the SEC <a href=\"https:\/\/forklog.com\/en\/news\/sec-files-suit-against-binance-and-changpeng-zhao\">filed suit<\/a> against Binance and Changpeng Zhao. The regulator filed 13 charges, including the sale of unregistered securities.<\/p>\n<p>Subsequently reports emerged that the regulator&#8217;s claims <a href=\"https:\/\/forklog.com\/en\/news\/media-spot-parallels-between-the-secs-case-against-binance-and-the-ftx-saga\">are analogous to the charges<\/a> brought against the beleaguered crypto exchange <a href=\"https:\/\/forklog.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">FTX<\/a> and its Alameda Research subsidiary.<\/p>\n<p>On the next day, the SEC <a href=\"https:\/\/forklog.com\/en\/news\/sec-files-suit-against-coinbase-exchange\">filed suit<\/a> against the Coinbase exchange. The regulator also asserts that the platform violated securities laws.<\/p>\n<p>In May, Hoskinson <a href=\"https:\/\/forklog.com\/en\/news\/charles-hoskinson-calls-ethereum-classic-a-scam\">criticized<\/a> Ethereum Classic (ETC). In his view, the asset is a &#8216;scam for insiders&#8217; who dump on ordinary investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC case against the bitcoin exchange Binance is driven by the regulator&#8217;s &#8216;political and philosophical disagreement&#8217; with the very existence of cryptocurrencies, Cardano founder Charles Hoskinson said.<\/p>\n","protected":false},"author":1,"featured_media":79852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,471,128],"class_list":["post-79851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-charles-hoskinson","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79851"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79851\/revisions"}],"predecessor-version":[{"id":79853,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79851\/revisions\/79853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79852"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}