ConsenSys’ Recent Demands From the Court Are Unrealistic – Expert
- Mr. Huber thinks ConsenSys’ recent court filing demands are not realistic.
- The expert believes the court would never give any company a permanent free pass against the SEC’s investigations.
- ConsenSys prayed the court to declare that ETH is not a security under the Securities Act.
A famous crypto personality identified as Mr. Huber on X thinks ConsenSys’ recent court filing demands are unrealistic. Mr. Huber noted in a recent post that there is no way the court would give a company and its subsidiaries a general and permanent lifetime free pass against the SEC’s securities investigations.
I think ConsenSys really needs some prayers, because there is no way a court is going to give a company and its subsidaries a general and permenant lifetime free pass against SEC securities investigations.
— Dr. Huberpic.twitter.com/RzSm4Ns9iG
(@Leerzeit) April 30, 2024
The crypto expert further highlighted that approving ConsenSys’ requests would imply that no ETH transaction could ever be considered a securities offering. He thinks the situation exposes the loopholes in the ongoing regulatory debate in the crypto industry. According to Mr. Huber, it is improper t…
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