CandleFocus Ex-Ethereum Adviser Spots Gary Gensler’s Unethical Crypto Ties
2024-11-11
Author: Content Editor
Steven Nerayoff, a former Ethereum advisor, is calling for the immediate resignation of SEC Chair Gary Gensler. Nerayoff has accused Gensler of unethical conduct and illegal activities, including enabling illegal naked short-selling and covering up misconduct related to Ripple, the Chinese Communist Party, and Ethereum's ETHGate scandal. Nerayoff claims that Gensler's actions amount to election interference and has called on figures like Donald Trump and Elon Musk to demand accountability. These accusations come as the US prepares for potential regulatory shifts following Trump's election victory, with some experts suggesting that Gensler's leadership could hinder industry innovation. Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong have both urged for leadership changes to create a more crypto-friendly environment. Some believe that Trump's presidency could lead to a shift in the SEC's aggressive stance on crypto.
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