A popular Youtube analyst accuses the former SEC chairman of taking bribes to make ETH a commodity. In discussions where XRP, ADA and ETH were mentioned, he said he did not differentiate between these three.
BitBoy says ADA and these 2 altcoin projects will win
In the midst of the SEC and Ripple lawsuit, new charges against the regulator have surfaced. Ben Armstrong, a former crypto analyst, criticized former SEC Director William Hinman in his tweet on Oct. 9, accusing him of taking a bribe to declare Ethereum (ETH) a commodity. According to the analyst, “William Hinman definitely accepted the bribe.” However, the 3 cryptos refuse to choose between ADA, XRP and ETH. Instead, he says they’ll all win:
…My 3 biggest assets are XRP, ADA and ETH and I refuse to take sides. All will win.
Gotta say when #ETHGate dropped I was about at the same place @IOHK_Charles is. He makes many valid points in thread.
However, William Hinman certainly accepted bribes. It’s CLEAR.
My 3 biggest holdings are $XRP, $ADA, & $ETH and I refuse to take sides. They all win.
— Ben Armstrong (@Bitboy_Crypto) October 9, 2022
“More regulatory clarity is needed”
With these accusations, Armstrong cited comments from Cardano founder Charles Hoskinson, who previously addressed the issue in a series of tweets. He noted, among others, that Ripple should focus on the discussion for better regulatory clarity rather than suggesting that the SEC was bribed to turn a blind eye to Ethereum:
Analyzing the corruption allegations seems to imply that Ethereum should also be sued by the SEC, but not because of relationships. But how does this solve the problem of cryptocurrencies being forced into a meaningless framework in any way?
SEC tries to hide Hinman’s statements about ETH
Meanwhile, a judge in the SEC-Ripple case rejected the SEC’s attempt to withhold the Hinman documents. These documents contain William Hinman’s speech at a summit in 2018. The former SEC official says that Bitcoin and Ethereum are not securities in his statements at the time.
Elsewhere, Armstrong is busy with a case against Youtuber ‘Atozy’. BitBoy analyst is suing Youtuber Erling Mengshoel, aka ‘Atozy’, for defamation. The analyst says that towards Mengshoel, he “milked for a quick buck rather than giving real advice to his audience.” He even sued Erling Mengshoel for defamation in the US District Court of Georgia.
cryptocoin.com In another case you follow on , the SEC sued Kim Kardashian for marketing Ethereum Max (EMAX). New York resident Ryan Huegerich and other plaintiffs have filed a class action suit in California district court against Kim Kardashian, Floyd Mayweather Jr, and Paul Pierce for marketing Ethereum Max (EMAX), according to one lawsuit.
EMAX was introduced in June in a post where Kardashian asked her Instagram followers:
Interested in crypto???? This is not financial advice, I’m just sharing what my friends told me about the Ethereum Max token!”
