Bankless | Why Consensys is Suing the SEC @Bankless | Uploaded May 2024 | Updated October 2024, 22 hours ago.
“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens.
The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer.
We brought on Joe Lubin, a crypto OG and CEO of Consensys the company behind a number of massive crypto projects including the popular Metamask wallet, and Matt Corva, the General Counsel at Consensys, leading the charge against the SEC
Joe and Matt are producing evidence that the SEC is coming after Ethereum itself. Sending discovery requests to Ethereum core developers, threatening their employers - pushing a coordinated effort to claim Ether is a security so they can control it.
So Consensys is taking them to court to settle the issue. If they’re successful it’ll be the first time we get a clear court ruling that Ether is a commodity and not a security.
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TIMESTAMPS
0:00 Intro
6:35 SEC vs. Ethereum
9:45 The Uniqueness of This Case
11:15 88,000 Pages to the SEC
12:11 SEC Going After Devs?
14:47 The Wells Notice
16:27 ETH ETF
17:58 Outcome of Consensys Winning
21:29 U.S. Law Process & Timeline
25:55 Ether Isn’t a Security
34:50 Gary’s Confidence Conspiracy
41:17 MetaMask Isn’t a Broker Dealer
47:10 What is Prometheum?
51:10 How Can the SEC Win? What Happens to Crypto?
55:49 What the Crypto Community Can Do
59:50 What Happens Next?
1:03:15 Closing & Disclaimers
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RESOURCES
Consensys Complaint
consensys.io/crypto-regulations/defend-ethereum
assets.ctfassets.net/gjyjx7gst9lo/Bu1bK7DF3tSig9Atde0lM/2fcaadea2b111a8c3f3ebce4a6a2386c/Consensys_sues_the_SEC_in_defense_of_the_Ethereum_ecosystem.pdf
Joe Lubin
twitter.com/ethereumjoseph
Matt Corva
twitter.com/MattCorva
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Not financial or tax advice. See our investment disclosures here:
bankless.com/disclosures
“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens.
The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer.
We brought on Joe Lubin, a crypto OG and CEO of Consensys the company behind a number of massive crypto projects including the popular Metamask wallet, and Matt Corva, the General Counsel at Consensys, leading the charge against the SEC
Joe and Matt are producing evidence that the SEC is coming after Ethereum itself. Sending discovery requests to Ethereum core developers, threatening their employers - pushing a coordinated effort to claim Ether is a security so they can control it.
So Consensys is taking them to court to settle the issue. If they’re successful it’ll be the first time we get a clear court ruling that Ether is a commodity and not a security.
------
📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT
transporter.io
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🛞MANTLE | MODULAR LAYER 2 NETWORK
bankless.cc/Mantle
🌐 CARTESI | APPLY FOR A GRANT
bit.ly/4bSZgWP
🔗CELO | CEL2 COMING SOON
bankless.cc/Celo
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
bankless.cc/Casa
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
bankless.cc/toku
🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS
bankless.cc/4aykesD
------
TIMESTAMPS
0:00 Intro
6:35 SEC vs. Ethereum
9:45 The Uniqueness of This Case
11:15 88,000 Pages to the SEC
12:11 SEC Going After Devs?
14:47 The Wells Notice
16:27 ETH ETF
17:58 Outcome of Consensys Winning
21:29 U.S. Law Process & Timeline
25:55 Ether Isn’t a Security
34:50 Gary’s Confidence Conspiracy
41:17 MetaMask Isn’t a Broker Dealer
47:10 What is Prometheum?
51:10 How Can the SEC Win? What Happens to Crypto?
55:49 What the Crypto Community Can Do
59:50 What Happens Next?
1:03:15 Closing & Disclaimers
------
RESOURCES
Consensys Complaint
consensys.io/crypto-regulations/defend-ethereum
assets.ctfassets.net/gjyjx7gst9lo/Bu1bK7DF3tSig9Atde0lM/2fcaadea2b111a8c3f3ebce4a6a2386c/Consensys_sues_the_SEC_in_defense_of_the_Ethereum_ecosystem.pdf
Joe Lubin
twitter.com/ethereumjoseph
Matt Corva
twitter.com/MattCorva
------
Not financial or tax advice. See our investment disclosures here:
bankless.com/disclosures
