Since early 2023, the U.S. Securities and Exchange Commission (SEC) has been investigating whether Ethereum should be classified as a security, according to new court filings. This investigation was highlighted in a lawsuit by Consensys, which mentioned an internal Formal Order from March 2023 by the SEC's Division of Enforcement focusing on Ethereum 2.0 and transactions without registration. Despite this ongoing scrutiny, the SEC approved nine Ether futures ETFs later in the year, raising questions about the consistency of their regulatory approach towards Ethereum.
#Ether may face @SECGov classification as a security, with spot ETFs denied, according to @saylor's speculation. Do you agree? 🤔 https://t.co/IEgjXIB0aX
If the SEC Thinks Ethereum Is a Security, Are ETH ETFs Doomed? ► https://t.co/Ij0u3NlEge https://t.co/Ij0u3NlEge
The SEC looks like it's going to approve these things but deny the spot ETH ETFs? Make it make sense https://t.co/LMqQ2rRdqI
The SEC has considered Ethereum a security for over a year, as disclosed in a lawsuit by Consensys. An internal Formal Order from March 2023 by the SEC’s Division of Enforcement initiated an investigation into Ethereum 2.0, focusing on transactions without registration or…
⚠️ @Consensys' lawsuit asserts that the SEC launched an investigation into whether Ethereum comprises a security in March 2023. The SEC then approved nine Ether futures ETFs later that year, suggesting that ETH is not a security 👀 Read More: https://t.co/rKxA27u2ED https://t.co/kgkaBJosMj
SEC HAS BEEN INVESTIGATING ETH’S POTENTIAL STATUS AS A SECURITY FOR OVER A YEAR: CONSENSYS New court filings have disclosed that the SEC has been investigating whether Ethereum should be classified as a security since early 2023. Source: The Block https://t.co/ld2DXiOpv5
The SEC has been investigating Ethereum since 2023 to prove it's a security https://t.co/lfnHGNkjkD