Ethereum co-founder praises Gary Gensler as ‘shining knight of decentralization’

Ethereum co-founder Joseph Lubin praised SEC Chair Gary Gensler as a “shining knight of decentralization.” Speaking at ETHDenver (which ended on March 5,) Lubin spoke candidly about recent regulatory enforcement actions, holding Gensler as a catalyst for driving decentralization – much to the audience’s jeers. Digital Asset Investor clipped and posted the relevant part of … Read more

Crypto lawyer rallies Ethereum investors in class action lawsuit against NYAG’s ‘securities’ label

Ad Lawyer John Deaton is beginning a class action lawsuit to fight allegations Ethereum is a security. The Managing Partner of the Deaton Law Firm posted a link to a Google Docs form for concerned investors to sign up. Ethereum investors feel the heat On March 9, New York Attorney General Letitia James filed a … Read more

Crypto community reacts to NYAG’s lawsuit: Is Ethereum really a security?

Ad Neeraj Agrawal, the Director of Communications at Coin Center, disagreed with the New York Attorney General’s (NYAG) recent assessment of Ethereum as a security. “Coin Center will be monitoring the case and if there’s an opportunity to weigh in, we will.” In support of this view, Agrawal linked a 2018 article arguing that there … Read more

CFTC considers Bitcoin, Ethereum, Tether to be commodities

The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities. Source: CFTC Court Filing CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by the … Read more

Senator Lummis ‘comfortable’ including Bitcoin in retirement funds amid bear market

US Senator Cynthia Lummis is still a devoted Bitcoin supporter, as she wants to add Bitcoin to retirement funds amid the struggling crypto market.  “I’m very comfortable with making sure that people can include Bitcoin in their retirement funds because it’s just different than other cryptocurrencies,” Lummins recently shared with Semafor. However, it’s not the … Read more

CFTC Chair Rostin Behnam snubs Ethereum, claims only Bitcoin is a commodity

Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said the only cryptocurrency that should be classified as a commodity is Bitcoin. Behnam made the comment during a private crypto event at Princeton University. Under the context of the FTX collapse, Behnam took the opportunity to argue for appropriate legislation to counter the pitfalls of an … Read more

FTX Exploiter swaps 50K ETH to BTC swap sparking concern for Ethereum as ETH dips 3%

On Nov. 20, the FTX Exploiter account began to start shifting the stolen funds once again — totaling 50,000 Ethereum (ETH) valued at an estimated $60 million. The FTX hacker is doing things… They sent 25k ETH to another wallet and have been actively selling into RenBTC over the last few hours. They sold another … Read more

Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin

Singapore’s well-meaning attempt at crypto regulation may not work out, given its skeptical approach to the asset class, Ethereum co-founder Vitalik Buterin said in an interview with The Straits Times on Nov. 20. Buterin said he appreciates the city-state’s willingness to be supportive, but it could all be for nothing. “I definitely appreciate the amount … Read more

Vitalik Buterin believes crypto still ‘needs time to mature’ before mainstream adoption

Following the ongoing debate around crypto regulation, Ethereum founder Vitalik Buterin joined the discussion in a series of Twitter posts over the weekend. FTX CEO Sam Bankman-Fried has been the subject of much criticism over his views on DeFi regulation. Buterin decided to share his thoughts after stating that it “feels unfair to let other … Read more