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In this video, I discuss how the SEC has considered ETH to be a security since at least 2023, and probably long before that.
The SEC has served Consensys with a Wells notice, and thus a lawsuit should follow soon.
ETH was clearly issued in violation of US securities law and is about to finally pay the price.
Thanks to its dirty history, ETH can never be credibly neutral global money.
Not investment advice! Consult a financial advisor.
SEC Has Secretly Considered Ethereum a Security Since 2023:
https://decrypt.co/228504/sec-declared-ethereum-security-last-year-consensys-lawsuit
Vitalik’s pre-sale pitch:
📺#2: Pre-Sale📺
CEO Vitalik giving a pre-pre-sale marketing presentation of his new company
Buyers give BTC (real money) & in return they get a pre-mined “token”
Notice how he’s talking about how they had to setup their “company” in the right jurisdiction to avoid liability pic.twitter.com/np7Dx93qU7
— Richard “Dick” Whitman (🌎/21M) (@GhostofWhitman) June 16, 2023
ETH is clearly not a commodity:
I know that ETH had a large premine, changed consensus mechanisms, has a roadmap, and small group of insiders who coordinate hard forks. You know it, too https://t.co/Teo1icvAUE
— Matthew R. Kratter (@mattkratter) April 25, 2024
Is Joe Lubin an ETH whale?
📺 #7 📺
ETH co-founder, Lubin, is asked about how much ETH he holds
“I guess no comment”
Note: “proof of stake” means the biggest “stakeholders” get the most rewards & have the most say on changes to the protocol (supply/issuance/Etc) pic.twitter.com/F21nvwWxEj
— Richard “Dick” Whitman (🌎/21M) (@GhostofWhitman) June 16, 2023
Joe Lubin:
https://en.wikipedia.org/wiki/Joseph_Lubin_(entrepreneur)
Consensys has huge influence on the ETH ecosystem:
https://en.wikipedia.org/wiki/Consensys
https://www.theblock.co/post/84232/ethereum-infrastructure-provider-infura-is-down
https://en.wikipedia.org/wiki/MetaMask
Ethereum “Merges” With The SEC:
Consensys Sues SEC:
https://decrypt.co/228134/consensys-sues-sec-attempts-regulate-ethereum-security
SEC subpoenaed firms that dealt with the Ethereum Foundation:
https://www.theblock.co/post/283753/sec-subpoenaed-firms-that-dealt-with-the-ethereum-foundation-fortune
Bill Hinman’s comments on ETH:
https://www.sec.gov/news/speech/speech-hinman-061418
Hinman had a huge conflict of interests:
https://www.crypto-law.us/former-sec-director-hinman-made-millions-from-a-pro-ethereum-firm-during-tenure/
ETH flippening predicted:
Right before the Ethereum Merge, @TrustlessState said he was "short bitcoin and long ether" and had "100% confidence" that the flippening was going to happen.
Since then, the ETH/BTC ratio has fallen 44% 💀💀💀pic.twitter.com/tfB8VqHZnR
— Pledditor (@Pledditor) January 9, 2024
Consensys sues to stop SEC from ‘seizing control of Ethereum’ and damaging MetaMask:
https://www.dlnews.com/articles/regulation/consensys-sues-sec-to-block-action-on-ethereum-and-metamask/
Ethereum is the source of all poo poo:
Ethereum is the mother asshole from which shitcoins spring.
— Saifedean Ammous (@saifedean) June 23, 2022
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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