Steven Nerayoff claims that Gary Gensler has direct involvement in Ethereum projects.
“As speculation surrounding an ETH ETF grows, it is clear that Gary Gensler’s SEC team is more deeply invested in ETH than we realize. Gensler’s indirect endorsement of Prometheum and the recognition of Ether as a security actually covertly supports the development of the Ether ETF project,” Nerayoff revealed.
Following approval from the SEC and FINRA, Prometheum has become the sole US-registered cryptocurrency securities platform.
Stephen Nerayoff believes that the lack of response from key figures in the Ethereum community to the SEC’s attempts to classify ETH as a security raises concerns about the centralization of the crypto project and poses a threat to the welfare of global crypto investors.
Previously, lawyer Stephen Nerayoff accused blockchain co-founder Vitalik Buterin of plagiarism and the appropriation of his ideas and inventions. According to Nerayoff, Buterin has never contributed any significant inventions and is the sole reason for the network’s inability to scale properly.