SEC has considered Ethereum a security for extended period
Ethereum SEC has considered Ethereum a security for extended period Balita ng Ethereum ng Bitcoin The U.S. SEC and its Chairman, Gary Gensler, have considered Ethereum a security for at least a year. According to FOX Business, Consensys, which develops Ethereum software, filed an unredacted complaint against the agency after this was revealed. The document states that the Ethereum 2.0 investigation was based on the SECs belief that possible offers and sales of certain securities, including but not limited to ETH, had occurred since at least 2018. The Consensys lawsuit shows that the SEC has made multiple document requests over the past year asking for more details about the companys role in the proof-of-stake (PoS) update and its acquisitions, holdings, and sales of Ethereum. Documents also show that the SEC may believe that sales of Ethereum even before the 2018 merger were securities. The SEC‘s belief that Ethereum is a security contradicts the previous guidance under the chairmanship of Jay Clayton. Additionally, in June of 2018, then-CFO Bill Hinman stated in a speech the SEC’s position that Ethereum, along with Bitcoin, is not a security. Even before Gensler‘s testimony, the chairman’s reluctance to give a definitive answer on Ethereum‘s regulatory status raised alarm bells for the crypto industry.