Featured image from Fasset, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Steven Nerayoff, an active participant in Ethereum\u2019s (ETH) Initial Coin Offering (ICO), who is believed to know where the \u201cbodies are buried,\u201d has made further revelations in the ongoing ETH Gate saga, which boils on whether or not the US Securities and Exchange Commission (SEC) gave Ethereum a \u2018regulatory free pass.\u2019\u00a0 Lubin\u2019s Piece Of Paper Appears In ETH Gate After being pressured by a member of the XRP community to release the dirt that he claims to have, Nerayoff released a follow-up tweet that contained transcripts from an email that Ethereum\u2019s co-founder Joseph Lubin sent to him personally on July 21, 2014. Lubin (whom Nerayoff now also refers to as #CrookedElbowJoe) also copied Fry, Bertrand, Vitalik Buterin, and Jeffrey Alberts in the mail.\u00a0 Related Reading: Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns In the mail, Fry, Bertrand (there is an assumption that \u2018Fry, Bertrand\u2019 is one person rather than separate individuals) stated that the \u201copinion letter\u201d was being put on a letterhead and would be forwarded to Lubin after.\u00a0 Following the revelation of this mail, a video clip surfaced where pro-XRP legal expert John Deaton gave his opinion on the mail. In the clip, Deaton suggested that the \u2018opinion paper\u2019 mentioned in the mail was the same one Lubin had referred to when he said he had a \u201cpiece of paper\u201d in his pocket before the ETH ICO. Deaton also stated that Nerayoff got that piece of paper in Lubin\u2019s pocket and that this series of events was extremely significant. It is worth mentioning that Deaton might already have first-hand information as to what might have transpired between the SEC and Ethereum and how deep the irregularities run, as he has already been in communication with Nerayoff (under the Attorney-Client privilege communication). This is something that he revealed during his \u201cannouncement\u201d last week.\u00a0 In an earlier tweet, Nerayaoff had also suggested that the ETH Gate was beyond just former SEC Director William Hinman\u2019s speech, where he stated that Ethereum wasn\u2019t a security. He said, \u201cThey\u2019re hiding more than the motives behind the speech by #DirtyHinman.\u201d He also used the hashtags #CryptoJudas (what he refers to Vitalik as) and #CrookedElbowJoe (Joseph Lubin). What Is This Lubin\u2019s Piece Of Paper? Attorney Bill Morgan seemed to suggest that Nerayoff was indicating that Jeffrey Alberts and Fry Bertrand (who co-authored the piece \u2018Is Bitcoin A Security?\u2019 in 2015) were the same persons who wrote the opinion letter (which Deaton suggested was the same piece of paper Lubin spoke about before the ETH ICO).\u00a0 If so, he could be driving at the fact that Alberts and Bertrand (who happen to be lawyers) may have written this opinion letter to convince the SEC that Ethereum wasn\u2019t a security before the ICO. Meanwhile, Nerayoff reposted a tweet which had a similar theory. In the tweet, the X (formerly Twitter) user highlighted a part in Alberts\u2019 bio where he was said to have \u201chelped structure the initial public sale of ether.\u201d\u00a0 Related Reading: Upcoming Optimism Unlock Threatens To Drag OP Below $1 The bio alluded to the fact that the SEC had concluded that Bitcoin and Ether weren\u2019t securities, adopting the \u201clegal interpretation Alberts had articulated years ago.\u201d The user also noted the relationship between Alberts and Marc Berger (who charged Ripple) as they worked together at the Manhattan US Attorney Office\u2019s securities and commodities fraud task force. Marc Berger is said to be working with Bill Hinman now.\u00a0 ETH bulls defeat bears to cross $1,600 | Source: ETHUSD on Tradingview.com Featured image from Fasset, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":553098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,89411,89489,89493,89213,1946,89491,89492,7931,89490],"class_list":["post-553097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-gate","tag-eth-gate-news","tag-eth-ico","tag-eth-news","tag-ethereum","tag-ethereum-gate","tag-ethereum-ico","tag-ethereum-news","tag-ethgate"],"acf":[],"yoast_head":"\n
ETH Gate Saga Continues: What Is Lubin\u2019s \u2018Piece Of Paper\u2019?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n