Consensys sues SEC for clarification on Ethereum (ETH) classification as a security
by CoinJournal
CoinJournal— Consensys recently received a Wells notice from the SEC for its MetaMask product. Consensys aims to defend Ethereum’s status as a commodity. The company also challenges SEC’s authority over cryptocurrencies. Consensys, a prominent Ethereum developer, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over what it deems as an “unlawful seizure […]
Bitcoin News—'ETH Should Not Be Treated as a Security' — Consensys Sues SEC Over Ethereum Regulations – Legal Bitcoin News. In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]
Zero Hedge—SEC Expected To Deny Spot Ether ETFs In May, Consensys Sues Over 'Security' Status. SEC Expected To Deny Spot Ether ETFs In May, Consensys Sues Over 'Security' Status There are increasing doubts among industry insiders that the SEC will approved Spot Ether ETFs in May, according to a report from Reuters. According to four people who participated, recent meetings between issuers and the SEC have been one-sided and agency staff have not discussed substantive details about the proposed products. That is in contrast to the intensive and detailed discussions between...
CoinJournal—SEC has regarded Ethereum as security for at least a year: report. SEC began investigtions into Ethereum as a security in March 2023. The regulator sent subpoenas and a Wells Notice to Consensys, a Ethereum development firm. The US Securities and Exchange Commission (SEC) has reportedly viewed Ethereum as an unregistered security for at least a year, FOX Business reported on Monday. According to the publication, this consideration […]