Consensys alleges the SEC considered ether to be a security ov | 🔸️Ethereum | Bitcoin & Altcoin News

Consensys alleges the SEC considered ether to be a security over a year ago

The U.S. Securities and Exchange Commission approved a "formal order" to investigate ethereum a year ago, Consensys Software Inc. alleged in a newly unredacted complaint on Monday. The blockchain and web3 development company behind the well-known MetaMask Wallet said the regulator "already made what it knew would be a destabilizing reversal of its declaration that ETH was not a security" by early 2023.

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