Nuriel Rubini: Ether - security, And his ICO was just fraud – Bits Media

Professor of New York University suggested, that the crypto industry is on the verge of tectonic shifts, associated with the possible recognition by the US Securities and Exchange Commission (SEC) The second in capitalization of cryptocurrency.

Nuriel Rubini (Nouriel Roubini) Completely shares the position of the chairman of the SEC Gary Gensler (Gary Gensler):

"ETH is a security, Despite all selfish statements, which the whales of the Ethereum erupt over the past decade! A bunch of billionaires ETH claim, that this is not a security. However, the SEC Hensler proved, that cryptotototototoxes with evidence of a share can be securities ".

Previously, Rubini has already expressed his position, Suspecting the co -founders of the Ethereum network of fraud.

“ICO Ethereum was just fraud, aimed at filling the pockets of a small group of insiders, Including Vitalik Buterina. It was not ordinary and honest sale, And the scam, directed at that, To make a look, that ether is not a security, although in fact he is such, - Ruby spoke.

At the end of February, the head of the SEC Gary Gensler in an interview for New York Magazine said, that ether can be classified as a security. The official explained to reporters, that cryptocurrencies, different from Pow, inherent network of bitcoin, They are created by a group of entrepreneurs in order to make profit due to their sale to intermediaries.

Moreover, the proposed assets, in its inner essence, not much different from ordinary shares, The professor is convinced. for instance, Ethereum transition with Proof-OF-WORK (PoW) на Proof-of-Stake (PoS) suggests, that the weight and voice of the user in the system is determined by the, how much the asset is on your hands. By analogy with shares: The more ETH you have, the weight your position in the system, Your word has the greater power. From a legal point of view, such assets are securities and fall into the SEC regulation zone.

“In many ways, everything happens in the same way, Like shareholders of public companies, who hope to see the growth of their investments over time ", - explained his argument Gary Gensler.

In March, Bits.media came out on the portal
A detailed review of the possible reasons for recognition of ether with a security, And that, how this can affect the entire cryptocurrency industry.