Are people going to sue Vitalik and the Ethereum foundation due to the price drop?
And what would happen, if they would do that?
Vitalik Buterin and the Ethereum foundation is not responsible for the price drop, nor for the investment decisions of the people.
People are obviously sitting on the horse backwards in this case. Everyone is responsible for their own decisions and actions, including buying and selling cryptocurrencies or anything else.
Or at least this is common sense in my opinion. But we will see. Maybe the whole world gone crazy, and the people will indeed sue them, and the court will say something else. Something different. We can never know nowadays. Many crazy things are happening nowadays.
If they were to claim that they illegally sold a security as that their holdings give them the ability to manipulate the price, then they could win.
The key to understand is that, once you are in court, who knows what will happen. Sure, it might be tough to prove for Ethereum but what about smaller chains.
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