Ethereum is a security, despite the “selfish claims” of ETH whales. This was stated by economics professor and bitcoin critic Nouriel Roubini.
ETH is a security in spite of all the self-serving b/s that ETH whales have been spewing for a decade! A bunch of ETH billionaires claim that isn’t a security. Totally laughable!
SEC’s Gensler Reiterates ‘Proof-of-Stake’ Crypto Tokens May Be Securities https://t.co/025ZzV24xH
— Nouriel Roubini (@Nouriel) March 30, 2023
“The Ethereum billionaire group claims it is not a security. Full of laughter! [Гэри] Gensler from the SEC confirmed that coins on the Proof-of-Stake algorithm can be securities, ”said the professor.
In July 2019, Roubini already criticized the second largest cryptocurrency by capitalization. Then he stated that ICO Ethereum was “a scam aimed at lining the pockets of a small group of insiders, including Vitalik Buterin.”
The Ethereum ICO was just a scam aimed at filling the pockets of a small group of insiders including @VitalikButerin. This was no ordinary/fair sale. And the scam was also aimed at pretending that Ether isn’t a security while it is obviously one. Crypto is the mother of all scams https://t.co/7eh3ggDK89
— Nouriel Roubini (@Nouriel) July 13, 2019
“The scam was also aimed at pretending that ETH is not a security, although in fact it is. Cryptocurrency is the mother of all scammers,” he added.
Earlier, the economist compared the collapsed Silicon Valley Bank with cryptocurrency exchanges, predicting the imminent collapse of the entire ecosystem of digital assets.
In February 2023, the chairman of the SEC hinted at the possibility of recognizing all cryptocurrencies, with the exception of bitcoin, as securities. His position was criticized by industry lawyers.
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