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1/5 The big question on the Internet related to the #Ripple VS #SEC case, is who made the call to give #Ethereum an unfair advantage in the industry by labeling only Ethereum as a non-investment, allowing them to sidestep Investment-related regulations? 1/3
1/5 The big question on the Internet related to the #Ripple VS #SEC case, is who made the call to give #Ethereum an unfair advantage in the industry by labeling only Ethereum as a non-investment, allowing them to sidestep Investment-related regulations? 1/3
2/5 We found the answer to this question and it is the same guy who shackled #Ripple on his last day in office, Jay Clayton. In a video we found on YouTube Clayton is the one who directed Lowell Ness, a partner at Perkins Coie to draft the memo about #Ethereum.
3/5 This video indicates Jay Clayton was with attorney Lowell Ness at a meeting at venture firm Andreessen Horowitz on January 25, 2018, where the former #SEC Chairman asked them for advice and suggestions for a βplaybookβ
4/5 that would essentially become the #SEC GUIDELINES that would give #Ethereum a βfree passβ. This meeting was confirmed on Claytonβs calendar. In June of 2018 Bill Hinman, Director of Corporate Finance of the #SEC, gave a speech giving #Ethereum
5/5 and #Bitcoin an advantage over all cryptocurrencies. Then Clayton slammed #Ethereumβs competitor #Ripple with a bogus lawsuit on his last day in office. (Bill Hinman recently joined Andreesen Horowitz as an advisory partner on June 24, 2021.)
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