Roubini attacks Ethereum and its whales, “ETH is a security” – In a tweet posted on Thursday, famed economist Nouriel Roubini, nicknamed “Dr. Doom” for his frequent doomsday economic forecasts, lately slammed the whales, echoing accusations by the chairman of the Securities and Exchange Commission ( SEC), Gary Gensler, on the possible classification of as a security.

Roubini indeed asserted that Ethereum “is a security despite the self-serving claims of ETH whales,” calling their views “totally laughable,” and sharing a Bloomberg article in which Gensler reiterates that cryptocurrencies Proof of Stake such as Ethereum are securities.

Recall that at a recent SEC meeting, Gensler suggested that proof-of-stake (PoS) tokens like Ethereum should be regulated as securities, disagreeing with the Commodity Chairman. Futures Trading Commission (CFTC), Rostin Behnam.

Indeed, the CFTC considers Ethereum to be a commodity, as evidenced by its recent lawsuits against Binance, in a case that illustrates once again that regulators are determined to hinder the development of the crypto industry.

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