Steven Nerayoff, a former advisor to Ethereum, has made some serious claims against Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC). He’s saying that Gensler is involved with Ethereum in ways that he hasn’t been open about, especially with the excitement building around a potential Ethereum Exchange-Traded Fund (ETF). Nerayoff made these statements on X, and now people are starting to question just how much Gensler is intertwined with Ethereum and its regulatory matters.
Nerayoff alleges, “As more and more talk about an Ethereum ETF circulates, it becomes clear that the SEC, under Gary Gensler’s leadership, is deeply involved with Ethereum.” He specifically accuses Gensler of giving the nod to Prometheum Inc to label Ethereum as a security, which could pave the way for an ETF without explicitly saying so. These accusations also suggest that there may be some influence from the Chinese Communist Party (CCP), making the situation even more complex.
He concludes by saying, “This indicates that Gensler’s decisions are significantly influenced by the CCP, raising questions about the potential consequences of other actions. For Gensler, Lubin, and Vitalik, the implications extend beyond just financial interests; their choices have set them on an irreversible path.”
Nerayoff also highlights the personal risks that Gensler and the Ethereum founders may face, stating, “I have a feeling that fear of a jail cell isn’t his only concern,” implying that the repercussions go beyond just regulatory issues.
With speculation swirling in the community about the CCP’s involvement in Ethereum, Nerayoff responds, “Absolutely! They’ve been working towards this for a long time, so they won’t let their efforts go to waste.” This conversation brings attention to concerns about Ethereum’s centralization and the potential influence of the CCP. Nerayoff warns, “If the SEC does classify ETH as a security, they should make it clear that investors are not just buying into a currency, but into a centralized asset controlled by the CCP.”
Read Also: Financial Expert Claims Wall Street Buys Bitcoin 13 Times Faster Than it's Made
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
- Advertisement -
Comments are closed.