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Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum

Altszn.com by Altszn.com
April 25, 2024
in Ethereum
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Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum
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The complaint adds that the SEC’s encroaching authority over Ethereum goes against its own past statements that the cryptocurrency is a commodity, not a security (citing former director Bill Hinman’s 2018 speech), as well as the SEC’s sister regulatory agency, the Commodities Futures Trading Commission (CFTC), own authority over Ethereum, which oversees derivative products tied to ether.



Read More: www.coindesk.com

Tags: AuthorityConsenSysETHEthereumSECseizureSuesUnlawful
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