Nouriel Roubini criticized Ethereum and called it a security

31.03.2023 10:42

Ethereum is a security, despite the "selfish statements" of ETH-whales. This was stated by economics professor and bitcoin critic Nouriel Roubini.

ETH is a security in spite of all the self-serving b/s that ETH whales have been spewing for a decade! A bunch of ETH billionaires claim that isn’t a security. Totally laughable!

SEC's Gensler Reiterates 'Proof-of-Stake' Crypto Tokens May Be Securities https://t.co/025ZzV24xH

— Nouriel Roubini (@Nouriel) March 30, 2023

"A group of Ethereum billionaires claims that it is not valuable paper. Full of laughter! [Gary] Gensler from the SEC confirmed that coins on the Proof-of-Stake algorithm can be securities," the professor noted.

In July 2019, Roubini already criticized the second-largest cryptocurrency by capitalization. Then he said that the Ethereum ICO was "a fraud aimed at filling the pockets of a small group of insiders, including Vitalik Buterin."

The Ethereum ICO was just a scam aimed at filling the pockets of a small group of insiders including @VitalikButerin. This was no ordinary/fair sale. And the scam was also aimed at pretending that Ether isn't a security while it is obviously one. Crypto is the mother of all scams https://t.co/7eh3ggDK89

— Nouriel Roubini (@Nouriel) July 13, 2019


"The scam was also aimed at pretending that ETH is not valuable paper, although in fact it is. Cryptocurrency is the mother of all scammers," he added.

Earlier, the economist compared the collapsed Silicon Valley Bank with cryptocurrency exchanges, predicting the imminent collapse of the entire ecosystem of digital assets.

Recall that in February 2023, the SEC chairman hinted at the possibility of recognizing all cryptocurrencies, with the exception of bitcoin, as securities. His position was criticized by industry lawyers.


Back to the list