Ethereum

Veil

April

Gary

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ethereum-and-secs-web-of-conversations-did-eth-get-a-free-pass/">Ethereum and SEC’s Web of Conversations: Did ETH Get a Free Pass?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The SEC and Ethereum had scheduled a crucial phone call for April 23, 2018. However, it was pushed to May 2018. Strikingly, on the original date of the call, Gary Gensler, the CFTC chairman, publicly pondered whether #XRP and #ETH could be classified as securities. </p> 
<p>The coincidence of the postponed call and Gensler’s statement on the same day as crypto enthusiasts and analysts scratching their heads. Could it be mere coincidence, or a more complex narrative at play?</p> 
<h2 id="backdoor-communications-and-ethereum-alliances" data-name="backdoor-communications-and-ethereum-alliances" class="wp-block-heading"><strong>Backdoor Communications and Ethereum Alliances</strong></h2> 
<p>There’s a murmur in the crypto community suggesting possible private communications between Bill Hinman of the SEC and Joseph Lubin, the co-founder of Ethereum. Such whispers gained momentum with the mention of a mysterious group that convened in Toronto in early May. One of the burning questions about this congregation revolves around its role and authority. Speculations are rife that this might be related to the Ethereum Foundation.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">What is interesting to me about this SEC/Ethereum phone call is, it was postponed from April 23, 2018 to May 2018, but Gensler went ahead and mentioned that both <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> and <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> were probably both securities on the EXACT SAME DAY the call was originally to take place. Did Hinman… <a href="https://t.co/pnyiAmbTqQ" rel="noopener noreferrer nofollow">https://t.co/pnyiAmbTqQ</a> <a href="https://t.co/doavbl39aj" rel="noopener noreferrer nofollow">pic.twitter.com/doavbl39aj</a></p>— Cowboy.Crypto 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@cowboycrypto313) <a href="https://twitter.com/cowboycrypto313/status/1687502113922838528?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 4, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Further complicating the narrative is Hinman’s alleged under-oath denial of knowledge regarding Simpson Thacher’s association with the Enterprise Ethereum Alliance. This raises questions, as both entities reportedly collaborated closely with The Token Foundry and The Brooklyn Project. Interestingly, Hinman served as an in-house attorney for the latter.</p> 
<h2 id="ethgate-speech-and-the-veil-of-decentralization" data-name="ethgate-speech-and-the-veil-of-decentralization" class="wp-block-heading"><strong>#EthGate Speech and the Veil of Decentralization</strong></h2> 
<p>Bill Hinman received an invite from @Consensys on April 23, 2018. What’s mysterious is that this came just under two months before the infamous #EthGate Speech. On the same day as this invite, reports from Bloomberg revealed that Gensler made comments about Ether and Ripple’s XRP’s probable securities status. Given the timing, some suggest the SEC’s call aimed to validate Ethereum’s decentralized status.</p> 
<h2 id="deciphering-the-crypto-puzzle" data-name="deciphering-the-crypto-puzzle" class="wp-block-heading"><strong>Deciphering the Crypto Puzzle</strong></h2> 
<p>While the pieces of this intriguing puzzle are slowly coming together, they paint a complex and fascinating picture. The evolving story suggests a dance of power, influence, and information in the crypto world. As more layers are unravelled, the crypto community and beyond wait with bated breath to discover what lies beneath the surface.</p>

Ethereum and SEC’s Web of Conversations: Did ETH Get a Free Pass?

Table of Contents

CoinPedia News

Other articles published on Aug 5, 2023

Shiba Inu Developer Raises Concerns Over Coinbase’s Onchain Summer Campaign

Shibarium Digital IDs Will Bolster SHIB Token Longterm – This Is How

Nike Stock Price Prediction: Will Nike Turn Upside This Year?

Shiba Inu (SHIB) Continues 5% Surge as Bitcoin Holds Steady at $29K

As Bitcoin (BTC) and Cardano (ADA) Struggle, Borroe ($ROE) Captures Attention with Rapid $250,000...

JPEG'd confirms return of 5,495 ETH from Curve hacker

Join our free newsletter for daily crypto updates!