Coinspeaker
Consensys Sues US SEC over Its Attempts to Label Ethereum Security

The United States Securities and Exchange Commission (SEC) would eventually be sued for attempting to classify Ethereum (ETH) as a security and not approving the trading of spot Ether ETFs. With the official deadline for the spot Ethereum ETF decision on the horizon, between May 23 and 24, experts have highlighted that the regulatory agency will likely reject the spot Ether ETF.

According to most experts, the US SEC will argue that Ether futures ETF has had limited data compared to its Bitcoin counterpart.

As Coinspeaker previously reported, the US SEC has already begun looking into Ethereum-based DeFi projects led by Wells notice to Uniswap (UNI).

Nonetheless, the Ethereum community believes Ethereum is a commodity and not a security, and the spot Ether ETF should be approved without hesitation.

Consensys Fights for Ethereum Community Against US SEC

In a bid to protect the future of web3 space, Consensys Software Inc., a veteran blockchain and software company, filed a lawsu...