- Former Ethereum advisor’s tweets hint at legal risks in Ethereum’s ICO structure and regulatory scrutiny.
- Allegations arise over Lubin’s ICO share, contrasting with SEC claims, hinting at fraud.
- Ethereum faces a crisis of trust amid debates on its governance and transparency.
Recent revelations have stirred the cryptocurrency community as Ethereum co-founder Joseph Lubin voiced concerns over the use of the term “ICO” and its implications. A CoinDesk article highlighted the Ethereum team’s discomfort with the term, fearing it may draw unwanted regulatory scrutiny.
In an article by @CoinDesk, it was revealed that he and other Ethereum team members dislike the term ICO due to its potential to attract unwanted attention from regulators. If you have concerns about this, it could be an indication that you have something to hide. I structured… pic.twitter.com/FlqcSkyiYA— Steven Nerayoff (@StevenNerayoff) March 17, 2024
Joseph Lubin, who is also the founder and CEO of blockchain development firm ConsenSys, prefers to avoid language akin to traditional securities to mitigate attention from financial regulators. Former Ethereum advisor Steven Nerayoff, in his …
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