The United States Securities and Exchange Commission (SEC) and its Chair Gary Gensler appear to have believed Ether (ETH) was a security for at least a year-long period, according to Monday findings. According to a complaint made by Consensys Software Inc., the SEC Director of Enforcement Gurbir Grewal launched an investigation into “Ethereum 2.0” on…
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The United States Securities and Exchange Commission (SEC) is reportedly serving subpoenas to several U.S. businesses as part of a “legal campaign” to formally classify Ethereum as a security, a Tuesday article from Fortune reveals. Crypto Firms Subpoenaed By SEC in Connection With Ethereum Foundation According to the article by Fortune’s Leo Schwartz and Jeff…
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The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products to be listed on CFTC-regulated exchanges “if we did…
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On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets, despite the exchange not being registered in the…
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