Charles Hoskinson, a visionary, passionate and inspirational leader of the Cardano blockchain ecosystem, delivers another eloquent address to the global community. It's one that in my view would be well to be heard by all people of good will. May its message find roots in the hearts of many, and grow. https://youtu.be/sN4AHhFyoLM https://www.wholehuman.emanatepresence.com/whet.html FROM A TWEET BY LUCID: The extreme levels of decentralization in Cardano is proving once again to be the most vital & necessary factor to the longevity of our blockchain!🔱 🐅: 3,145 Stake Pools across the globe 🦓: 1,316,800+ Delegators world wide The invincible Blockchain, Cardano!👑 EXCELLENT IN-DEPTH ARTICLE: SEC attacks freedom, but the Cardano community builds on https://cexplorer.io/article/sec-attacks-freedom-but-the-cardano-community-builds-on ‘An unelected few want to control our financial lives!’ – Charles Hoskinson weighs in on SEC’s war with Binance REPRINTED FROM A TWEET by Charles Hoskinson 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. A regulatory event is where you have a debate about compliance with a law or guidance. This event seems to be a polticial philosophical disagreement with the very existence of cryptocurrencies and what they represent. An unelected group of people have decided that concepts like self-sovereign identity, owning your wallet, and the freedom to control your economic agency should be removed from the masses and given to the "enlightened" few. 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. I'll have more to say later, but will close with we are going to be fine. Everything's alright and the future is bright for the industry. TWEET BY IAGON Thank you for bringing up the Howey Test, a crucial framework for determining whether an asset qualifies as a security. You're correct; to classify as a security, an asset must pass all four prongs of the Howey Test. In the case of $ADA, there isn't an expectation of profit predominantly from the efforts of others (Cardano Foundation, IOHK, Emurgo). As I've noted, the value of $ADA is driven by network utility, user adoption, and market dynamics, not by the efforts of a central party. 🔔 It's also worth noting, there is no contractual obligation or promise made to $ADA holders by the aforementioned entities, fulfilling the "contract" criterion you've mentioned. ADA serves as a functional asset within the Cardano network, rather than a contractually-backed promise of profits. 💼 This is another key distinction between traditional securities and utility tokens like $ADA, underlining the importance of understanding the unique characteristics and functionalities of blockchain tokens in today's evolving financial landscape. #Cardano #ADA REPRINTED FROM A TWEET Biden crypto timeline: -October 20, 2020, @SBF_FTX donates $5 million to the Biden/Harris campaign making him the 2nd largest donor -Feb 3, 2021, Joe Biden appoints Gary Gensler as chair of the SEC. Duties include; protecting investors from fraud and abuse, ensuring that markets are fair -May 10, 2023 SBF (FTX Founder) and Gary Gensler MEET IN PERSON to discuss crypto regulation. Marks the first time that the SEC Chair has met with a major cryptocurrency exchange CEO -Nov 11, 2022 FTX files for BANKRUPTCY leaving customers without access to millions. Market loses billions in the aftermath. Labeled one of the worst frauds IN HISTORY -June 2023, the SEC attacks sound businesses who have been attempting to work with regulators for over a decade (Coinbase, Kraken) pls retweet to raise awareness, tweet inspired from @NTmoney REPRINTED TWEET from ADASound Dear Gary Gensler + all the folks @SECGov, Thank you from the bottom of my thawed #Canadian heart for your recent cryptocurrency markets manipulation. I just got paid a bunch of CAD so I'm logging into #binance to load up on $ada , which is the base currency of the highly secure & distributed #Cardano network that I build applications on. It is the only L1 currency that I currently exchange fiat for. Ada is strictly a #utility for myself and my team, because it allows us to secure our base network and pay for transactions in development and production. My #academic projects need it to function properly. My projects are not goat or ape #nfts, but those can be cool too. My work seeks to buffer the existential risk associated with #ai and our globally insecure, centralized & exploitable human #identities . Data security and encryption are especially important in #medicine , where we handle reams of data that requires utmost privacy controls but constant availability. Your fixation on USD dominance in the financial realm is expected. The #sec is indeed a necessary band of puppets for attempting to retain the wealth structure and social control that the <1% mainly enjoys in the United States while shooting each other and defaulting on mortgages due to unexpected medical bills. Spreading interest in a clamp-down on our networks in Canada is also expected, as Canadian officials often function as the puppets' puppets. #Cardano is going nowhere. Cardano is an example of real people who've come together to build something beautiful, highly functional and humane. An unbreakable #financial system that can't be manipulated and that your cronies would need billions of years to break. Even with its 2+ billion USD/day military budget. Thanks again for the cheap Ada. It will be used to help real people. Some of them will definitely be "#American Retail #Investors."
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