The SEC has filed a lawsuit against Binance and its CEO Changpeng Zhao. The lawsuit is extensive and, among other things, alleges that the ADA is a security. The SEC’s activity can be seen as an attack on the freedom of citizens and an effort to prevent the development of modern technologies that have the potential to change the world for the better. The good news is that Cardano is a decentralized network. Each of the 1.3M ADA stakers is involved in decentralizing Cardano along with 3,000 SPOs around the world. The SEC can’t stop Cardano and is very likely wrong in thinking that the ADA is security. Cardano is not just a protocol, but a movement fighting for ideals and freedom. This can’t be stopped by a court decision.
The hundreds of Catalyst-funded teams are no less official than the IOG, Cardano Foundation, and Emurgo. Every private key in the stakers’ wallets is a key to freedom and keeping Cardano running. Cardano is not just a protocol, but a collective effort of the entire community, which is why the ADA cannot be classified as a security.