SEC suspected Ethereum was a security since 2018, new Consensy | • CRYPTO NEWS • #BTC • #ETH •
SEC suspected Ethereum was a security since 2018, new Consensys documents reveal
The Gary Gensler-led Securities and Exchange Commission (SEC) began investigating Ethereum’s security status last year, according to an April 29 court filing by Consensys. The filing disclosed that Gurbir Grewal, the Director of the Division of Enforcement, sanctioned the Formal Order of Investigation concerning ‘Ethereum 2.0’ in March 2023. This Formal Order conferred broader authority upon SEC staff to investigate and subpoena individuals and entities involved in ETH transactions.
