Now That’s Interesting: According to an Insider From Ethereum, Gensler Was Caught in Collusion


Based on the information, Stephen Nerayoff, a former advisor to Ethereum, accused SEC Chairman Gary Gensler of non-public participation amid expectations of Ethereum ETF approval.


Nerayoff claims that Gensler allowed Prometheum Inc to designate ETH as a security, thereby implicitly endorsing the ETF.




The accusations against Gensler and Ethereum stem from influence and centralization by the Chinese Communist Party. A former Ethereum advisor is warning investors that ETH may now be a centralized asset under control rather than a decentralized currency.


Blockchain researcher TruthLabs claims that China controls 66.6% of the ETH supply. Nerayoff supports TruthLabs, saying that centralization has taken over ecosystems like Ethereum, diverting it from its original decentralized concept.


The main implications are that Ethereum's decentralization and independence are under threat due to the perceived influence of the Communist Party. This affects transparency, centralization, regulation, and geopolitics regarding the status of ETH.


#Ethereum #SEC #СРС #China #centralization #decentralization #regulation #ETF

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