Attack against Binance and CZ: SEC also targets ADA

What does the SEC really want by shaking up Binance? The collapse of the crypto industry or its regulation? Many see Gary Gensler and his team’s recent initiatives as developing a visceral hatred towards the cryptosphere. In addition to targeting the world’s largest exchange, they have also decided to go after 10 tokens traded on the secondary market, such as Cardano’s ADA.

ADA, a “security” for the SEC

The news of an attack on Binance and CZ struck the crypto community like lightning yesterday. Among the charges brought by the SEC is the ease of access granted to Americans wanting to trade on Binance.com.

But according to information reported by The Crypto Basic, the US financial watchdog has broadened its targets. The crypto media outlet highlighted that the SEC has also targeted 10 tokens considered “unregistered securities.”

It should also be noted that the US Securities and Exchange Commission clarified that ADA was sold by IOHK between 2015 and 2017. Thanks to the sale of this security, Charles Hoskinson’s company was able to obtain $62 million.

General outrage in the community

It is clear that Hoskinson, the man who was accustomed to advocating for the SEC in the Ripple case, has finally changed his mind. Thus, as soon as the attack on Binance and its ADA token was apprehended, he posted a long tweet that boils down to denouncing a government’s desire to control our lives and calling for unity against “authoritarianism.”

A “1984” type scenario is to be feared, according to the rather unifying CEO of Input Output HK.