Nouriel Roubini labels Ethereum a security

Ethereum is a security, despite the “self-serving claims” of ETH bulls. This was stated by economist and bitcoin critic Nouriel Roubini.

ETH is a security in spite of all the self-serving b/s that ETH whales have been spewing for a decade! A bunch of ETH billionaires claim that isn’t a security. Totally laughable!

SEC’s Gensler Reiterates ‘Proof-of-Stake’ Crypto Tokens May Be Securities https://t.co/025ZzV24xH

— Nouriel Roubini (@Nouriel) March 30, 2023

\”A group of Ethereum billionaires says this isn’t a security. Total laughable! Gary Gensler from the SEC confirmed, that coins on the Proof-of-Stake protocol could be securities,\” noted the professor.

In July 2019, the economist compared the collapsed Silicon Valley Bank with crypto exchanges, predicting the imminent collapse of the entire digital asset ecosystem.

The Ethereum ICO was just a scam aimed at filling the pockets of a small group of insiders including @VitalikButerin. This was no ordinary/fair sale. And the scam was also aimed at pretending that Ether isn’t a security while it is obviously one. Crypto is the mother of all scams https://t.co/7eh3ggDK89

— Nouriel Roubini (@Nouriel) July 13, 2019

\”The scam was also aimed at making it look like ETH isn’t a security, even though it is. Crypto is the mother of all scams,\” he added.

Earlier, economist compared the collapsed Silicon Valley Bank with crypto exchanges, predicting the imminent collapse of the entire digital asset ecosystem.

In February 2023, the chair of the SEC hinted at the possibility of classification of all cryptocurrencies, except Bitcoin, as securities. His position was criticized by industry lawyers.