In response to the ban of X in Brazil, Charles Hoskinson proposes to create a decentralized social platform based on Cardano.
Cardano’s founder has called on the community to support the creation of a decentralized social network amid the controversy generated by the actions of Brazil’s Supreme Federal Court (STF). On X, Hoskinson wrote that a decentralized, censorship-free social platform will give a voice back to Brazilians silenced on X in the midst of media conflict.
X (formerly Twitter) has allowed the free spread of misinformation from extremist groups, leading to attacks on democratic institutions, according to the order issued by the STF. The court condemned the social network for its role in spreading hate speech, racism and anti-democratic content. It ordered the country’s National Telecommunications Agency to block Brazilians from accessing the platform.
In light of the announced measures, several cryptocommunity leaders have spoken out against them, calling the STF’s court order an attack on the right to freedom of expression.
Hoskinson, who was among those who criticized the restrictions imposed by the STF, called on the crypto community to help build a decentralized social network that would counteract the censorship and allow users in the country to communicate and express themselves freely.
“The consequences of censorship and why decentralization matters. While Brazil has silenced our brothers and sisters on X, their work will still stand and matter to us all. We will see their delegates at the convention, and I can not wait to recruit many Brazilians to help us… https://t.co/MkHb5NMOwd,” posted Hoskinson on X August 31st.
Telegram Founder under Judicial Supervision
Pavel Durov, the founder of Telegram, was fined 5 million euros and banned from leaving France amid censorship and attacks on freedom of expression by the authorities. Durov was released after 4 days of detention. He will remain under judicial supervision despite his release.
According to the Hindustan Times of New Delhi, Durov faces an official investigation in France, as per the order of the French judge handling the case. The Telegram founder will also have to pay the $1 million fine to avoid pre-trial detention and report to French police twice a week without leaving the country.
As reported by this media outlet, Durov was arrested on the outskirts of Paris after he was accused of allowing illegal activities to be organized through his messaging platform. Durov was arrested as part of a judicial investigation into disinformation and the use of platforms for illegal activities, according to French President Emmanuel Macron.
SEC Targets Opensea
Opensea, one of the leaders in the market for non-fungible tokens, was served with Wells Notice by the SECs. In this formal notice, the securities regulator has expressed interest in bringing a case against the marketplace platform for NFTs, which are considered investment contracts by the federal regulator.
Opensea took to social media to express dismay at the SEC’s notification, and the platform has also dedicated significant resources to supporting artists and creators who are also receiving Wells notifications.
Devin Finzer, Opensea’s founder and CEO, said in a statement that the SEC’s notice to Opensea may come as a surprise to many, but for those who closely follow the evolving political and regulatory environment in the United States, this notice will come as no surprise. Finzer criticized the SEC’s action. He pointed out the risk it could pose to creators, entrepreneurs and consumers alike.
While disappointed, Finzer also asserted that Opensea is prepared to go to court and fight the SEC.
By Audy Castaneda
