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
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
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.
Source: Cryptocurrency
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