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CryptoIntelligence 2024-05-05 20:59:00

Consensys Lawsuit Unveils SEC’s Belief in Ether as Potential Security

Consensys’ legal battle with the United States Securities and Exchange Commission (SEC) has brought to light significant revelations regarding the SEC’s position on Ether. According to a report by Fox Business producer Eleanor Terret, the SEC and its chair, Gary Gensler, held the belief that Ether constituted a security, at least for a certain period. Terret, referencing court documents filed by Consensys on April 29, stated that the SEC and Gensler “appear to have believed for at least a year” that Ether was an “unregistered security trading out of compliance with current federal regulations.” This disclosure follows Consensys’ submission of

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