The SEC has considered Ethereum a security for a year now!

🚹 Recent court documents reveal that the SEC, led by Chairman Gary Gensler, has considered Ethereum to be an unregistered security since at least last year.

âšĄïžThis insight emerged from an unredacted lawsuit filed by Consensys against the SEC, which is now challenging the agency's attempt to classify Ethereum under federal securities law.

👀 In March 2023, the SEC's Enforcement Division began a formal investigation into Ethereum's status, leading to subpoenas for entities involved with $ETH transactions.

âžĄïž This move marks a potential shift from previous SEC stances, contradicting a 2018 assertion that Ethereum was not a security.

👆 Stay tuned as this legal battle could significantly impact the cryptocurrency industry and Ethereum's regulatory status.

Visit DipprofitDOTcom to stay updated with trading and crypto opportunities and to get indepth educational insights.

#BTC #Memecoins #BullorBear #BinanceLaunchpool #bitcoinhalving