In a tweet on 9 October Bitboy Crypto aka Ben Armstrong accused the former SEC director William Hinman of accepting bribes to give the view that Ethereum was a commodity.
Bitboy Crypto aka Ben Armstrong made a rather provocative statement in his Twitter account yesterday. He seemed to be accusing former Director of the Division of Corporate finance at the SEC, William Hinman, of accepting bribes in order to take the view that Ethereum was a commodity and not a security.
In the tweet, Armstrong also gave details of his three biggest crypto holdings, which were $XRP, $ADA, and $ETH, saying “I refuse to take sides. They all win.”
Gotta say when #ETHGate dropped I was about at the same place @IOHK_Charles is. He makes many valid points in thread.— Ben Armstrong (@Bitboy_Crypto) October 9, 2022
However, William Hinman certainly accepted bribes. It’s CLEAR.
My 3 biggest holdings are $XRP, $ADA, & $ETH and I refuse to take sides. They all win.
Saying that Hinman “certainly accepted bribes. It’s CLEAR”, is a rather provocative statement to say the least, and might suggest that Armstrong ‘knows something’.
In his tweet he also refers to Charles Hoskinson, the founder and CEO of Cardano, saying that he believed that he held similar views when he stated that the SEC didn’t sue Ethereum because of “relationships”.
Analyzing the allegations of corruption seems to imply that Ethereum should also be sued by the SEC but wasn't because of relationships. But how does this in any way solve the larger issue of cryptocurrencies being forced into a framework that makes no sense? (9/16)— Charles Hoskinson (@IOHK_Charles) October 8, 2022
The SEC is currently beleaguered in other areas. The judge in charge of the SEC vs Ripple case recently overruled the regulator in its attempt to not make documents public that referred to a speech Hinman made in 2018 in which he specified that neither Bitcoin nor Ethereum were securities.
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