The world’s second-largest crypto asset by market cap, Ethereum, is keeping pace with innovative upgrades. The newest development on Ethereum is the completion of its latest Shanghai Upgrade. 

On April 13, ConsenSys took to Twitter to celebrate the long-awaited launch of Ethereum’s Shanghai Upgrade. The update will permit ETH stakers to withdraw their staked Ether for the first time.

But while responding to the announcement, the founder of CryptoLaw, Attorney Deaton, referenced Hinman’s remark. 

ConsenSys Celebrates Ethereum’s Upgrade, Deaton Responds 

According to the tweet from ConsenSys, Ethereum’s upgrade was on the execution and consensus layers of the network. Hence, users could finally withdraw their staked ETH from the Ethereum staking pool. 

In its announcement, ConsenSys promised a giveaway of Shanghai/Capella NFT to some of the ETH stakers. This was part of the firm’s approach to celebrating the latest evolution of ETH through an upgrade.

Related Reading: Here Are The DeFi Tokens That Are Outperforming The Market

ConsenSys is an Ethereum software firm that supports the development of applications on the Ethereum blockchain.

However, Pro-XRP Attorney Deaton responded to the announcement from ConsenSys regarding the latest Ethereum upgrade. He posted, “When we look at Ethereum, we don’t see a third promoter.” Deaton’s response referenced an old remark of the former director of SEC’s Division of Corporation Finance, Bill Hinman.

Hinman made the remark during an interview with CNBC in 2018. He stated that the SEC as a regulator doesn’t s

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Author: Eli Dambell

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