Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum
Summary
Consensys has filed a lawsuit against the SEC, asserting that ETH is not a security and challenging the SEC's authority over Ethereum. The company denies acting as a broker and claims that the SEC's actions violate its constitutional rights. The lawsuit also cites the SEC's past statements about Ethereum being a commodity, not a security. Consensys filed the suit in the District Court for the Northern District of Texas, joining other groups and companies seeking to block the SEC from treating certain crypto companies or assets as securities.
