SEC's Ethereum stance revealed?

Consensys claims the SEC has secretly classified Ethereum as a security internally for a year. Here's what you need to know.

Author

Andrew Hayward
April 29, 2024

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📝 What you need to know

After filing a preemptive suit against the U.S. Securities and Exchange Commission last week, Ethereum software firm Consensys (disclosure: one of 22 investors in Decrypt) filed an unredacted complaint Monday that alleges that the agency has internally considered ETH a security since April 2023. However, SEC Chairman Gary Gensler has repeatedly declined to clarify this stance, despite the agency’s increasing scrutiny on Ethereum builders.

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“For a while this year, it was all about ETFs. I think the interest rate narrative is definitely having more of an influence on prices recently.”

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