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Ethereum erases weekend gains as yearlong SEC investigation comes to light

From fxstreet.com

Ethereum (ETH) began the week by posting losses of 4.2% on Monday after recent filings from Consensys revealed that the Securities & Exchange Commission (SEC) began formal investigations into ETH's security status since March 2023. Daily digest market movers: ETH outflows, SEC's Ethereum security classification, Hong Kong ETFs: Ethereum has slipped back to key range on Monday following recent happenings in the crypto market. Here are your key ETH market movers: After receiving a fourth subpoena in March, Consensys sued the SEC last week for unlawfully trying to classify Ethereum as a security. The move sparked a ... (full story)

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  • Category: Fundamental Analysis