Crypto Pivot or Parody? Scandal-Rocked Enron Purportedly Relaunches
The post Crypto Pivot or Parody? Scandal-Rocked Enron Purportedly Relaunches appeared on BitcoinEthereumNews.com.
Enron—yes, that Enron—announced on Monday that it has relaunched to “solv[e] the global energy crisis” with the aid of decentralized technology, some 23 years after the firm collapsed in what was then the greatest corporate fraud scandal in American history. But is it a real crypto pivot from the disgraced brand, or is it all just bullshit? The purported comeback is described as “parody” and “performance art” deep within the website, though other signs suggest that there may be something here—even if it’s not a decentralized energy play. “With a bold new vision, Enron will leverage cutting-edge technology, human ingenuity, and the spirit of adaptation to address the critical challenges of energy sustainability, accessibility, and affordability,” the newly reformed company said in a statement today. Enron has not yet offered much in the way of specifics regarding what exactly it plans to achieve, and how—but the firm says “permissionless innovation” will be a cornerstone of its approach, and that it plans to play a key role in the advancement of “decentralized technology.” An Enron spokesperson declined comment when asked how exactly crypto might be well-suited to accomplishing the company’s new goals, and whether it has plans to work with any specific blockchains. The most tangible information provided by the company today alluded to its plans to invest in renewable energy infrastructure, energy storage, and advanced power distribution systems. However, the official website’s extensive terms of use page notes that the website’s content isn’t to be taken seriously. “The information on the website is First Amendment-protected parody, represents performance art, and is for entertainment purposes only,” the page reads. The website counts down to some sort of reveal on December 10, and an established PR agency—Stu Loeser & Co.—is aiding in the rollout of the brand. It may be that the…
Filed under: News - @ December 2, 2024 9:22 pm