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SEC Believed Ethereum to Be a Security Since 2023, Court Documents Reveal

Newly disclosed court filings indicate that the SEC has considered Ethereum a security for over a year, contradicting previous public statements.

Overview

  • Court documents from a Consensys lawsuit reveal the SEC's long-held belief that Ethereum is a security.
  • SEC's stance on Ethereum's status as a security has been under wraps, despite public inquiries.
  • The investigation, dubbed 'Ethereum 2.0', began in March 2023 to probe unregistered offerings and sales of ETH.
  • The SEC's view contrasts with prior statements that Ethereum, like Bitcoin, was not a security.
  • This revelation could significantly impact Ethereum's regulatory and market status.