This week on Crypto Twitter: Ethereum, CZ and Roger Ver in US Government Crosshairs

Crypto Twitter often provides a heavy helping of the law, but the past seven days have brought double volume.

The unredacted portion of the lawsuit filed by Ethereum software company Consensys against the US Securities and Exchange Commission (SEC) on Monday. revealed The regulator has been considering ETH as a security for over a year.

The bombshell quickly sparked outrage and outrage, as SEC Chairman Gary Gensler has repeatedly refused to publicly comment on the agency's views on ETH in the interim.

Even prominent US lawmakers joined the debate. Rep. Patrick McHenry (R-NC), chairman of the House Financial Services Committee, issued a scathing statement on Twitter on Tuesday. A snack Gensler lied when testifying before Congress about ETH's regulatory status without disclosing the SEC's internal and previous rulings on the subject.

Moving from the US House to the federal courts was Binance founder Changpeng “CZ” Zhao. He was sentenced. On the same day, he was sentenced to four months in a US federal prison. Zhao pleaded guilty to money laundering violations last year. It's important to see another major crypto exchange founder sent behind bars, but the sentence was less severe than the three years prosecutors had hoped for.

Indeed, the mood on Twitter following the sentencing hearing was light-hearted, with many joking that Zhao had predicted his own sentence. Popular use The number “4” is used as a symbol to avoid cynical deployment of “fear, uncertainty and doubt” or FUD.

Zhao himself took to Twitter shortly after the verdict to share his plans for life after prison and expressed his acceptance of the outcome of the trial. “I will do my timeHe said.

If that wasn't enough criminal crypto news for one day, hours later the US Department of Justice announced this Accused Early Bitcoin investor Roger Ver, known in some circles as “Bitcoin Jesus,” evaded nearly $50 million in taxes. Ver was arrested by Spanish authorities on Tuesday.

Many protested on Twitter that the arrest was an unfair anti-crypto campaign due to Vere renouncing his US citizenship in 2014.

Others pointed out their indifference to Vere's plight, which, like A Controversial Personality in the crypto ecosystem.

Some people have found a way to reconcile both views.

Edited by Ryan Ozawa.