TLDR Crypto · MARKETS & BUSINESS

SEC HAS SECRETLY CONSIDERED ETHEREUM A SECURITY SINCE 2023, SAYS CONSENSYS IN UNREDACTED LAWSUIT

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Summary from the TLDR Crypto newsletter

According to previously redacted portions of Consensys' lawsuit against the SEC, the agency has internally considered Ethereum a security since early 2023. The SEC began an investigation into Ethereum after its transition to Proof of Stake. Until now, the SEC and Chairman Gensler have refused to answer questions about Ethereum's status, and the head of the CFTC has already declared Ethereum a commodity.