Regulation
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Attorney John Deaton noted that while XRP is traded on KuCoin, the Attorney General chose Ethereum (ETH) for some reason to accuse the exchange of selling unlisted securities.
The move is no coincidence, Deaton said, and regulators, in this case the New York Attorney General’s Office (NYAG), are targeting Ethereum and staking to eventually shut down all such projects. In addition, he also cites an excerpt from the case, which states that ETH holders can make a profit simply by participating in the offering of the token.
According to the lawyer, it is an agreed-upon long game to get a default decision and an order stating that Ethereum was sold by the exchange as an unregistered security.
Previously, John Deaton initiated a collection of Ethereum holders for a class action lawsuit against the New York State Attorney General. More than a thousand applicants have already joined, but at the moment there are not enough participants directly from this state. In addition to ETH holders, the KuCoin exchange itself filed a lawsuit against NYAG.
#XRP #longer #target #regulators #Ethereum #ETH
