Crypto Twitter This Week: Ethereum, CZ, and Roger Ver in US Government Crosshairs

Crypto Twitter is often a huge helper of the law, but there has been a double dose in the last seven days.

The unredacted portion of a lawsuit filed by Ethereum software company Consensys against the U.S. Securities and Exchange Commission (SEC) on Monday. exposed Regulators have secretly considered ETH a security for over a year.

Considering that SEC Chairman Gary Gensler has repeatedly refused to comment publicly on his agency’s views on ETH in the meantime, the bombshell news quickly sparked outrage and outrage.

Even prominent U.S. lawmakers have joined the debate. Rep. Patrick McHenry (R-NC), chairman of the House Financial Services Committee, posted a sobering statement on Twitter Tuesday. blame to Gensler lied when he testified before Congress about ETH’s regulatory status without disclosing the SEC’s internal existing decisions on the subject.

Binance founder Changpeng “CZ” Zhao moved from the U.S. House of Representatives to the federal court. sentenced On the same day, he faces four months in a U.S. federal prison. Zhao pleaded guilty to money laundering offenses last year. While it was certainly significant that another founder of a major cryptocurrency exchange was sent to prison, the punishment was much less harsh than the three years prosecutors had hoped for.

In fact, the sentiment on Twitter following the sentencing hearing was quite light-hearted, with many people joking that Zhao had predicted his own sentence. famous uses The number “4” is used as a signal to dismiss the cynical positioning of “fear, uncertainty and doubt.” FUD.

Zhao himself took to Twitter shortly after the sentencing hearing to share his plans for life in prison and assert that he accepts the outcome of the trial, writing: “i will do my time.”

If that wasn’t enough cryptocurrency crime news for the day, just a few hours later the U.S. Department of Justice announced it. charged Early Bitcoin investor Roger Ver, known in some circles as “Bitcoin Jesus,” evaded nearly $50 million worth of taxes. Ber was arrested by Spanish authorities on Tuesday.

Many on Twitter criticized Ver’s arrest as an unwarranted provocation against cryptocurrencies, given the fact that he renounced his U.S. citizenship in 2014.

Others confirmed Ver’s status, signaling their indifference to his plight. controversial Personality of the cryptocurrency ecosystem.

Some people have found a way to reconcile the two perspectives.

Edited by Ryan Ozawa.