EthGate is Real
Copyright wEeZiE {X}💭FireGaryGensler @NerdNationUnbox
NEW: More info on the investigation into the @ethereum Foundation from
@leomschwartz and @jeffjohnroberts
“According to a person at a company who received a recent subpoena request, the SEC’s probe of the Swiss-based Ethereum Foundation began shortly after the blockchain’s shift to a new governance model known as “proof-of-stake” in September of 2022.”
https://twitter.com/Cashout4Apollo/status/1770502091988984298/photo/1
https://twitter.com/NerdNationUnbox/status/1669226886185078785
let me get this straight…
-#Hinman’s Simpson Thacher helps #Alibaba IPO
-Alibaba and Wanxiang partner to create a bank in China
-@VitalikButerin founds #Ethereum
-JPMorgan disguised whale?
-JPMorgan assists in creating the EEA
-Vitalik goes to China to look for funding
-Wanxiang buys $500m in #ETH
-JPMorgan works with Consensys to create JPM coin & focus on cross border payments becoming Ripple competitor
–Wanxiang founds Blockchain Lab
-@Vitalik becomes “Chief Scientist” at Wanxiang Blockchain Lab
-Hinman joins the #SEC
-Ethereum forms a coalition (Brooklyn Project) to help them get thru the regulatory door & create a monopoly
-#Ripple sued and becomes embroiled in a 2 year battle with the SEC
-Wanxiang advances their mission to expand Ether in China with #Fenbushi, #HashKey, WanCloud & others
Fun Fact: Wanchain which is backed by Wanxiang, #Fenbushi & China Growth Capital is currently a member of the Enterprise Ethereum Alliance #EEA.
SEC probing crypto companies in Ethereum investigation as hopes for ETF dim
https://www.coindesk.com/business/2024/03/20/ethereum-foundation-under-investigation-by-state-authority/