Former Ethereum Advisor Makes Serious Allegations Against SEC Chair Gary Gensler
Steven Nerayoff, a former advisor to Ethereum, has accused Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), of undisclosed involvement with ETH. Nerayoff’s allegations suggest that Gensler has a deeper engagement with Ethereum and its regulatory status than publicly acknowledged, particularly in relation to the anticipation of an Ethereum Exchange-Traded Fund (ETF).
The Alleged Ethereum, Gensler, CCP Connection
Nerayoff alleges that the SEC, under Gensler’s leadership, is more involved in ETH than it appears. He specifically accuses Gensler of indirectly approving Prometheum Inc to designate ETH as a security, effectively endorsing an ETF covertly. These claims also hint at potential influence from the Chinese Communist Party (CCP), raising concerns about a complex interplay of interests affecting Ethereum’s regulatory journey.
In response to community speculation about CCP’s investment in Ethereum, Nerayoff suggests that CCP control and centralization could be significant factors. He cautions that if the SEC classifies ETH as a security, investors should be aware that they are investing in a centralized asset controlled by the CCP.
Fighting For The Truth
Amidst growing demands for an investigation into Ethereum and its connections to the CCP and SEC practices, on-chain researcher TruthLabs (@BoringSleuth) is at the forefront of exposing these connections. Nerayoff stands with him in fighting against what they perceive as corruption and hijacking of the crypto industry by government agencies. They call for support in uncovering the truth.
It is worth noting that these allegations also bring attention to Wanxiang, a Chinese-American firm that funds Prometheum Inc. Prometheum Inc recently received approval from the SEC and FINRA as the only US-registered crypto securities platform, which has raised questions about transparency and legitimacy.
At the time of writing, ETH is trading at $2,645.
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