Post
Topic
Board Economics
Re: Cz or the Sec who would you support?
by
Tony116
on 15/07/2023, 09:14:14 UTC
Regardless, I think our support will just a waste of energy because we really don't have any say on this since it is a legal proceeding, all the discussions and decisions will be done through the court.  Besides, there is no benefits on us no matter which side we support since this is both centralized services and Binance will never give us any reward if we give our full support to them.  Just let them be, let the process goes on and just accept whatever the decision of the court is on the case.
Support can be conditional, it is clear that users will not be able to influence the litigation in any way, but I think the point here was to evaluate what contribution CZ and SEC made to cryptocurrencies. It is obvious that the SEC slows down the development of cryptocurrencies, each time trying to blame someone, and as the example of xrp showed, these accusations are not always justified, sometimes they are aimed only at penalizing one more company.

It is true that we cannot interfere or have any impact on the case because the court will decide everything. But if possible, I would also support CZ because at least they are part of the crypto industry, and we are using the services they provide. Although the SEC is just trying to control and slow down the development of the crypto industry, if we support the SEC, it is no different than we are supporting the government to intervene in the market to regulate them. But I don't understand why so many people support the SEC.