The founder of a blockchain platform believes that the US government wants to destroy cryptocurrencies

LBRY (file sharing platform) CEO Jeremy Kaufman has accused the US Securities and Exchange Commission (SEC) of trying to destroy the US cryptocurrency industry. Back in March last year, the SEC accused LBRY of selling unregistered securities. The Commission expressed doubts about the $ 11 million raised through the sale of LBRY tokens. The digital assets were supposed to be used to download files and make transactions on the platform, but were put up for sale before the platform itself was created.

Kaufman stated: «The SEC has demonstrated an intent to harm or even destroy the cryptocurrency industry in the United States.» He even showed off a T-shirt that visually expresses his frustration with the SEC:

Made it to #mainnet

If you see a guy in a «Fuck the SEC» shirt, say hi? pic.twitter.com/B7vn5E2ey9

— Jeremy Kauffman (@jeremykauffman) September 21, 2022

Despite being under pressure from regulators, the LBRY CEO has shown political ambitions. Currently, Kauffman is running in the New Hampshire elections, representing the Libertarian Party. The LBRY executive wants to become one of the next US senators. If elected, his priority will be to draw as much attention as possible to the cryptocurrency market from politicians and society.

Kaufman believes that his file-sharing platform and libertarian ideology have common ground in how some in the industry view politics and social media. «People are tired of having these bureaucrats, these middlemen making decisions for them,» Kaufman said.

As you can see, regulators have become much more scrutinizing of the cryptocurrency industry around the world. As a reminder, the U.S. Department of Justice has announced the creation of a National Cryptocurrency Enforcement Team. The agency will also facilitate the investigation of digital finance crimes. In turn, British lawmakers have introduced a bill to simplify the procedure for seizing and freezing digital assets. Commercial companies in the UK will be required to provide the necessary operational information to law enforcement and government agencies to more actively prevent and detect economic crimes.