Ethereum's Under SEC Investigation - ConsenSys
Sen. Lummis Advocates For Circle Over Tether; Aptos Launches Aptos Ascend TradFi Bridge With Microsoft, Other Partners
Welcome to Coinfeeds Daily Digest!
Today we cover the comments of Bill Hughes, Senior Counsel at ConsenSys, and which are aligning rather well with the public’s perspective where “it can be said with confidence“ that the SEC is now investigating Ethereum after a subpoena, and where the agency is speculated to be building a case against Ethereum and considering classifying ETH as a a security — wouldn’t that be an interesting turn of events.
Here are some interesting bits:
Around a month ago, a GitHub commit from a ‘state authority‘ seeking a voluntary enquiry reached one of Ethereum’s repositories, which sparked speculation in the commit comments.
There is another text in the same commit that says that the foundation has never been contacted by a government agency this way, and if it was, they would publicly disclose it.
This potential reclassification of ETH into a security could open new doors for imposing additional legal obligations on the foundation, its developers, community, and regular users.
Bill Hughes also called out the SEC’s potential connection to Prometheum, which was first to be granted a license to operate as a broker dealer without requiring formal SEC approval.
Around a week ago, Uniswap received a Wells notice on the alleged operation as an unregistered exchange/broker.
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