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Former advisor at Ethereum Foundation Steven Nerayoff was all reward for the XRP holder neighborhood for sticking to the cryptocurrency throughout tough occasions. He made the remark in apparent reference to the Ripple lawsuit, wherein US choose Analisa Torres had in a current Summary Judgment delivered a landmark ruling. The judgment deeming XRP token sale to retail consumers as not securities meant a partial win for Ripple.

Also Read: Central American Country Uses Bitcoin To Conduct Fair Election; Here’s How

‘Dedicated’ XRP Community

The Ethereum advisor reminded that the neighborhood was put by tough occasions with regulatory hurdles. While the SEC’s grievance on Ripple’s alleged sale of XRP tokens as securities got here out within the final quarter of 2020, whereas Nerayoff was relieved of prison extortion expenses because the US federal prosecutors dropped the case. He was accused of extortion of funds when he was tasked with serving to a startup’s ICO.

“I am astonished at how you have come together to fight. I have been in more communities than most and never seen such a dedicated yet civil one like XRP.”

Earlier, CoinGape reported that Nerayoff blamed Ethereum cofounder Vitalik Buterin and his father Dmitry Buterin of executing a coordinated and scripted character assassination assault towards him.

The Ethereum Expose

Nerayoff had in current occasions made a collection of allegations associated to corruption on the U.S. Securities and exchange commission (SEC) and irregularities across the Ethereum preliminary coin providing (ICO) in 2014. He had even claimed to have information that assist these allegations. Further, John Deaton, the legal professional who represents the hundreds of XRP token holders within the Ripple Vs SEC lawsuit, confirmed to have seen the information Nerayoff claims to have. The legal professional had even indicated that there have been extra revelations to come back.

Also Read: XRP Lawyer John Deaton Representing Ex-Ethereum Advisor On ETH Gate?

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Anvesh stories main crypto updates round U.S. regulation and market transferring traits. Published over 1,200 articles to date on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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