Ethereum Watch

US Congressman Patrick McHenry accused Securities and Exchange Commission (SEC) Chair Gary Gensler of misleading Congress about Ethereum’s regulatory status. Advertisements The accusation follows a federal judge’s recent sanctions against SEC lawyers for dishonest court dealings, hinting at a troubling pattern within the agency. Did Gary Gensler Mislead Congress on Ethereum? During a session with […]

Consensys has refuted the Securities and Exchange Commission’s (SEC) assertion that Ethereum could be considered a security following its transition to a Proof-of-Stake consensus mechanism.  Advertisements The software company, established by Ethereum co-founder Joe Lubin, filed a lawsuit in a Texas federal court against the SEC, arguing that the regulatory body is misapplying federal securities […]

The tension between Consensys and the Securities and Exchange Commission (SEC) has escalated, sparking debates over the boundaries of regulatory oversight. Advertisements The crux of the matter centers on the SEC’s recent moves to classify Ethereum, the world’s second-largest cryptocurrency by market capitalization, as a security. The Case Against Ethereum as a Security Consensys argues […]

According to Bitwise’s Chief Investment Officer, Matt Hougan, the Securities and Exchange Commission (SEC) is considering a delay in approving highly anticipated Ethereum exchange-traded funds (ETFs). Advertisements This development comes on the heels of Bitwise Asset Management’s intention to list a spot Ethereum ETF. Potential Ethereum ETF Approval Delay Bitwise launched its spot Bitcoin ETF, […]

The Commodity Futures Trading Commission (CFTC) has designated Ethereum (ETH) and Litecoin (LTC) as commodities, setting a precedent in the regulatory oversight of cryptocurrencies. Advertisements This clarification came as part of the CFTC’s civil enforcement action against the cryptocurrency exchange KuCoin, which faces accusations of conducting illegal off-exchange commodity transactions without proper registration. Ethereum and […]

The speculation surrounding the approval of a spot Ethereum exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) has captured the attention of industry watchers. Advertisements Among them, Bloomberg’s Senior ETF Analyst Eric Balchunas offered a grim outlook, suggesting only a 25% chance of approval. 25% Chance of Ethereum ETF Approval Balchunas, who […]

Coinbase’s Chief Legal Officer, Paul Grewal, has taken a strong stance on the ongoing debate regarding Ethereum’s status as a security or commodity. Advertisements Amidst the US Securities and Exchange Commission’s (SEC) rigorous legal efforts to potentially classify Ethereum as a security, Grewal emphasizes its longstanding recognition as a commodity. Ethereum Is Not a Security […]

In the latest development surrounding Binance, the world’s largest cryptocurrency exchange, the company has officially canceled its registration in the United Kingdom. The UK Financial Conduct Authority (FCA) approved Binance’s request to deregister Binance Markets Limited (BML) (BML) on May 30, 2023, effectively ending its authorization to provide regulated services in the country. Advertisements While […]

Top altcoin Ethereum has been facing some resistance lately, slowing down growth to a snail’s pace as ETH is smothered in red in the charts. At the time of writing, the altcoin is currently facing losses in the one-hour time frame, the 24-hour, as well as in the weekly. Advertisements The current situation for Ethereum […]

The cryptocurrency industry’s unparalleled boom last year had brought with it the attention of regulators worldwide, all of whom have shown varied levels of acceptance towards the emerging asset class. The U.S Securities and Exchange Commission’s Chief for instance has repeatedly expressed his skepticism about the lack of investor protection and information offered by blockchain […]