and staking in order to eventually shut down all such projects. As an aside, he also cites an excerpt from a case stating that ETH holders can make a profit merely by participating in staking the token.
It is a coordinated long game to get a default judgment and a ruling with the wording that Ethereum was sold by the exchange as an unregistered security, says the lawyer.Earlier, John Deaton initiated a gathering of Ethereum holders for a class action lawsuit against the New York state attorney general. As reported by U.Today, more than a thousand complainants have already joined, but at the moment there are not enough participants from that state directly.
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