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New court filings show SEC, Chair Gensler believed Ethereum was a security for at least a year

From foxbusiness.com

{video} The Securities and Exchange Commission and its chairman, Gary Gensler, appear to have believed for at least a year that the second largest cryptocurrency, ethereum, may be an unregistered security trading out of compliance with current federal regulations, FOX Business has learned. The revelation comes following the filing of an unredacted complaint against the agency by ethereum software company Consensys. The company filed the redacted version of the lawsuit in a Texas federal court last Thursday in response to a so-called Wells notice it received detailing the SEC’s plans to sue the firm for failing to ... (full story)

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