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Riding the Censorship Wave Behind FTX Debacle
Senator Sherrod Brown calls for "maybe" crytpo ban.
Nothing like a call for complete censorship to get the defi community up in arms; that is what the threat of censorship is intended to do—goad the intended audience into emotional, rather than logical response. For example, on NBC’s Meet the Press last Sunday, Ohio senator (D) Sherrod Brown floated the idea of banning cryptocurrencies altogether in response to this blatantly leading question posed by Chuck Todd:
Are you at all concerned that if government decides crypto should be regulated, it's actually giving a green light to something that maybe some folks ought to -- think ought to be banned? Senator Tester isn't sure it should be legal.
Senator Brown obediently responded:
I share that thought….[W]e want [the SEC/CFTC] to do what they need to do at the same time – maybe banning it, although banning it is very difficult because it will go offshore and who knows how that will work?
Censorship only makes sense when those in power want to limit public understanding but that isn’t how communication and critical thinking work.
At Silvermint, we recognize the need to communicate with radical transparency, to provide clear regulation compliance, and to work with integrity from the ground up. We call for discussion, clear thinking, and reasonable regulation where it makes sense.