Consensys sues SEC, seeks court declaration that Ethereum is | Coins▪︎Trading▪︎Crypto News
Consensys sues SEC, seeks court declaration that Ethereum is not a security
Consensys filed a lawsuit against the US Securities and Exchange Commission (SEC) on April 25 over allegations that the watchdog has overstepped in its authority in trying to regulate Ethereum (ETH). The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, constituting “aggressive and unlawful” overreach. Consensys intends to prove that the SEC does not have legal authority to regulate ETH, user-controlled software interfaces, or the Ethereum blockchain more broadly.
