Consensys vs. SEC litigation over whether ether is a security | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Consensys vs. SEC litigation over whether ether is a security 'will take years': TD Cowen
Ethereum developer Consensys brought the U.S. Securities and Exchange Commission to court, seeking a declaration that ether is not a security. This legal battle will be a prolonged affair, according to investment bank TD Cowen. As a result, the bank reiterated that spot Ethereum exchange-traded funds are unlikely to gain approval before 2025. SEC Chairman Gary Gensler is "okay" with the court deciding whether ETH is a security or commodity, according to TD Cowen.
