Steven Nerayoff, an active participant in Ethereum’s (ETH) Initial Coin Offering (ICO), who is believed to know where the ‘Bodies are buried’ has made further revelations over time ETH Gate sagawhat matters is whether or not the US does Securities and Exchange Commission (SEC) gave Ethereum a ‘regulatory free pass’.
Lubin’s piece of paper appears in the ETH gate
After being put under pressure by a member of the XRP community to release the dirt he claims to have, Nerayoff released a sequel tweet which contained transcripts of an email that Ethereum’s co-founder Joseph Lubin personally sent him on July 21, 2014. Lubin (who Nerayoff now also calls #CrookedElbowJoe) also copied Fry, Bertrand, Vitalik Buterin and Jeffrey Alberts in the post.
In the email, Fry, Bertrand (it is believed that ‘Fry, Bertrand’ is one person rather than separate individuals) stated that the “opinion letter” was being put on letterhead and would then be forwarded to Lubin.
After the revelation of this email, a video clip where surfaced pro-XRP legal expert John Deaton gave his opinion about the email. In the clip, Deaton suggested that the “opinion document” mentioned in the email was the same one Lubin was referring to when he said he had a “piece of paper” in his pocket before the ETH ICO. Deaton also stated that Nerayoff had gotten that piece of paper in Lubin’s pocket and that this series of events was extremely important.
It’s worth mentioning that Deaton may already have first-hand information about what might have happened between the SEC and Ethereum and how the irregularities run deep, as he has already been in communication with Nerayoff (under attorney-client privilege communications). This is something he revealed during his “announcement” last week.
In an earlier tweetNerayaoff had also suggested that the ETH gate went beyond former SEC Director William Hinman’s speech stating that Ethereum was not a security. He said: “They are hiding more than the motives behind #DirtyHinman’s speech.” He also used the hashtags #CryptoJudas (which he calls Vitalik) and #CrookedElbowJoe (Joseph Lubin).
What is this Lubin’s piece of paper?
Attorney Bill Morgan seemed to suggest that Nerayoff indicated that Jeffrey Alberts and Fry Bertrand (who co-authored the part ‘Is Bitcoin a security?’ in 2015) were the same individuals who wrote the opinion letter (which Deaton suggested was the same piece of paper Lubin talked about before the ETH ICO).
If so, he could be riding on the fact that Alberts and Bertrand (who happen to be lawyers) may have written this opinion letter to convince the SEC that Ethereum was not a security before the ICO.
Meanwhile, Nerayoff reposted a tweet that had a similar theory. In the tweet, the
The biography alluded to the fact that the SEC had concluded that Bitcoin and Ether were not securities, adopting the “legal interpretation Alberts formulated years ago.”
The user also noted the relationship between Alberts and Marc Berger (who sued Ripple) while they worked together on the Manhattan US Attorney Office’s securities and commodities fraud task force. It is said that Marc Berger is now working with Bill Hinman.
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