As known SECthe biggest altcoin Ethereum It tries to qualify it as a security.
While these steps of the SEC attracted the reaction of the entire cryptocurrency market, especially Ethereum, Consensys filed a lawsuit against the SEC yesterday.
Coinsensys asked the court in this case ETHHe requested that it be determined that it is not a security.
While the Ethereum lawsuit filed by Consensys against the SEC continues to be discussed in the market, toFormer Ethereum consultant Steven Nerayoff claimed in his post that Ethereum is really a security.
Arguing that Ethereum has acted as a security since its ICO and has been centralized since its inception, Steven Nerayoff described the lawsuit filed by Consensys as a move to “cover up” their previous secret agreement that ETH was a security. .
“Consensys founder Joseph Lubin’s significant purchase during the Ethereum ICO amounted to securities fraud and also turned ETH into a security. Gary Gensler later confirmed this, stating that Lubin purchased 9.5% of the ICO.
He met with Bill Hinman before his speech declaring that ETH is not a security based on Ethereum’s supposed decentralization. This meeting between the two was intended to hide the fact that ETH is a security.
It is an undeniable fact that Ethereum is centralized and has been a security since the ICO. Coinsensys’ lawsuit move is nothing more than another attempt to distract people from the truth and cover up.
They are launching a new effort to hide collusion between the SEC and the Ethereum Mafia. Lubin’s actions indicate a desperate attempt to stay afloat. Ethereum is NOT decentralized, and they knew it from the beginning: Lubin, Hinman, Gensler, they all knew it.
Their aim in the latest lawsuit move is to create an atmosphere of uncertainty in the situation and to hide their cooperation by pretending to be against each other. However, their actions are not subtle enough and we see their every move. “
Nerayoff recently opposed the SEC over the Ethereum case and called the SEC Ripple’He accused him of being biased in the XRP case against .
Nerayoff, “The XRP case exposed collusion between the SEC, FBI, DOJ and other major agencies to monopolize the crypto market.” said.
🚨THE COVER-UP CONTINUES: Joseph Lubin and @Consensys have filed a lawsuit against the @SECGov to ensure that @ethereum is NOT declared a security.@ethereumJoseph, do you recall when you wrote the terms and conditions and the purchase agreement in 2014? Lubin’s significant… https://t.co/86jfz6mXu0 pic.twitter.com/f7XrBpPGQh
— Steven Nerayoff (@StevenNerayoff) April 25, 2024
*This is not investment advice.
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