Category: security classification

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SEC Launched Formal Investigation Into Ethereum’s Security Status Over a Year Ago, New Court Filing Shows

A new court filing claims that the U.S. Securities and Exchange Commission (SEC), led by Chair Gary Gensler, initiated a formal investigation into ethereum’s potential classification as a security more than a year ago. SEC Enforcement Division Director Gurbir Grewal approved a formal investigative order in March last year to scrutinize potential securities transactions involving…
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Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC

With its latest suit against Binance, the United States Securities and Exchange Commission has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market. The total number of cryptocurrencies the United States securities regulator has accused to be a “security” has now reached an estimated 61, after adding…
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Regulatory Battle: Grayscale Challenged by SEC’s Designation of Filecoin as Security

Grayscale Investments, the largest digital currency asset manager by assets under management, made an announcement on May 17 regarding a comment received from the U.S. Securities and Exchange Commission (SEC). According to the SEC, the crypto asset filecoin qualifies as a security under federal securities laws. Consequently, the securities regulator has requested that Grayscale withdraw…
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Ethereum Price to Peak at $2,758 This Year, Then Fall to $2,342 by 2023’s End, Finder Experts Say

A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will culminate at $2,342 per unit by the end of 2023. Optimistic Outlook for…
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