SEC sues Consensys over unregistered securities as Supreme Court defangs federal agencies

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SEC sues Consensys over unregistered securities as Supreme Court defangs federal agencies - CoinGeek

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The post SEC sues Consensys over unregistered securities as Supreme Court defangs federal agencies appeared first on CoinGeek.

The SEC notably didn’t include ETH in their token hall of shame, but there’s little doubt that Ethereum’s founders understood that ETH was a security from its initial issuance via the controversial ‘crowdsale’ to insiders and became even more of a security following the network’s 2022 shift to PoS consensus.(Don’t take our word for it; do enjoy this lengthy thread of Ethereum principals freely admitting Howey test triggers.

The SEC cited several examples of the ‘crypto asset securities’ that Consensys offered its customers via MetaMask Swaps, including MATIC, MANA, CHZ, SAND, and LUNA.