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- Consensys sues SEC over Ethereum security status ⚖️
Consensys sues SEC over Ethereum security status ⚖️
The Ethereum software firm filed a preemptive suit against the SEC.
Stephen Graves
April 26, 2024
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📝 What you need to know
Ethereum software firm Consensys (which is one of 22 investors in Decrypt) filed a preemptive suit against the U.S. Securities and Exchange Commission Thursday, alleging that the regulator is trying to "seize control over the future of cryptocurrency"—and that the agency plans to designate Ethereum as a security.
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The SEC cannot be allowed to arbitrarily expand its jurisdiction to regulate what is plainly and by the SEC's own prior admission a commodity
– Joe Lubin, CEO, Consensys
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