• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
Ethereum insider Steven Nerayoff

Ethereum Insider Accuses SEC’s Gensler Of Covert ETH Involvement

Jake Simmons
by Jake Simmons
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Steven Nerayoff, a former advisor to Ethereum, has launched serious allegations against Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), accusing him of undisclosed involvement with ETH amidst the anticipation of an Ethereum Exchange-Traded Fund (ETF). Via a statement on X, Nerayoff’s remarks have reignited concerns around “ETH Gate,” suggesting Gensler’s actions reflect a deeper engagement with Ethereum and its regulatory status than openly acknowledged.

The Alleged Ethereum, Gensler, CCP Connection

Nerayoff alleged, “With growing speculation around an Ethereum ETF, it’s evident that the SEC, led by Gary Gensler, is more involved in ETH than it appears.” He specifically accused Gensler of “indirect approval for Prometheum Inc to designate ETH as a security effectively endorsing an ETF covertly.” These claims intertwine with suggestions of influence from the Chinese Communist Party (CCP), hinting at a complex interplay of interests affecting Ethereum’s regulatory journey.

With growing speculation around an Ethereum ETF, it's evident that the SEC, led by Gary Gensler, is more involved in ETH than it appears. Gensler's indirect approval for @PrometheumInc to designate ETH as a security effectively endorses an ETF covertly.

This decision shows that… pic.twitter.com/i0TVEdLDfq

— Steven Nerayoff (@StevenNerayoff) February 12, 2024

He concludes, “This decision shows that Gensler’s actions are under heavy influence by the CCP, prompting questions about the consequences of alternative actions. For Gensler, Lubin, and Vitalik, the stakes go beyond investor interests; their decisions have steered them onto an irreversible course.”

Related Reading: Ethereum Next Chapter: Dencun Upgrade To Launch On March 13

Highlighting potential personal risks for Gensler and the Ethereum founders, Nerayoff also claimed, “Something tells me a jail cell isn’t all he fears,” suggesting the stakes extend far beyond regulatory repercussions.

Amidst community speculation on the CCP’s investment in Ethereum, Nerayoff responded, “Exactly! It’s been a long time coming; there’s no way they’ll let all their efforts go to waste.” This dialogue raises alarms over the centralization of Ethereum and potential CCP control, with Nerayoff cautioning, “If the SEC classifies ETH as a security, they should at least make it clear that you’re investing not just in a currency, but in a centralized asset controlled by the CCP.”

As reported by Bitcoinist a few days ago, Nerayoff thinks that the Chinese CCP is deeply involved in Ethereum. Based on on-chain research by TruthLabs (@BoringSleuth), he claims that the CCP is controlling approximately 66.6% of ETH supply. If verified, such a claim could challenge Ethereum’s decentralization and security perceptions significantly.

Related Reading: Ethereum Insider: China’s Stake In ETH ‘Jeopardizes Entire Crypto World’

Notably, a focal point of these allegations are the Chinese-American firm Wanxiang (which funds Prometheum Inc). Prometheum Inc was hotly discussed recently for receiving SEC and FINRA approval as the only US-registered crypto securities platform.

The uniqueness of this approval has drawn scrutiny from Republican lawmakers, led by Patrick McHenry, who question the SEC’s transparency and the legitimacy of Prometheum’s rapid ascent without offering any trading.

Fighting For The Truth

Amidst increasing demands for an investigation into Ethereum, the connections to the CCP and the SEC’s practices, on-chain researcher TruthLabs (@BoringSleuth) who is at the forefront of exposing these connections stated: “Stand behind me. Everyone. The last time I did this, They wanted me dead. We need you.”

Nerayoff fights alongside him: “I’m standing right by you dropping more bombs & lawsuits. They never imagined the breadth of receipts I saved. Crypto was to be the equalizer for all of us against the Establishment. It was hijacked by this Cabal & corrupt government agencies. It’s time we take it back.”

At press time, ETH traded at $2,645.

Ethereum price
ETH price broke out of consolidation, 1-day chart | Source: ETHUSD on TradingView.com
Featured image from YouTube, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

crypto

Crypto Adoption 2025: India, US, And Pakistan Secure Top 3 Spots In Global Index

4 hours ago
bitcoin

US Bancorp Resumes Bitcoin Custody Services After Three-Year Pause – Details

5 hours ago
Crypto

SEC And CFTC’s New Joint Crypto Initiative–What You Need To Know

6 hours ago
MEXC’s Zero-Fee Futures Strategy Fuels Record Q2 Growth

MEXC’s Zero-Fee Futures Strategy Fuels Record Q2 Growth as Traders Pivot to Stablecoins and DeFi

15 hours ago
BingX Debuts $WLFI Token with WLFI Listing Carnival

BingX Debuts $WLFI Token with WLFI Listing Carnival

19 hours ago
voyager-crypto-emirates-paiement-xrp-bitcoin

Emirates ouvre ses vols aux paiements XRP et Bitcoin

21 hours ago

Premium Sponsors

Press Releases

  • MemeCore...

    2 hours ago
  • XRP is expected to break through $7. APT Miner helps...

    9 hours ago
  • miner

    Expectations of a Federal Reserve rate cut and demand for...

    13 hours ago
  • miner

    BlackRock suspends XRP listing, price faces resistance...

    13 hours ago
  • miner

    The September Curse Returns: How Crypto Investors Can...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.