A press release said the lawsuit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms."
Highlights
- The suit is the first time a regulator has claimed in court that ether is a security.
- The SEC’s sister regulatory agency – the Commodity Futures Trading Commission – has long maintained that both bitcoin and ether are commodity assets.
- A press release said the lawsuit was part of ongoing “efforts to crack down on unregistered cryptocurrency platforms” The lawsuit is part of the SEC’s ongoing efforts to “crack down” on “unregistered” cryptocurrency platforms, the release said.
- The CFTC has maintained that bitcoin and Ether are commodities assets, but the SEC has said they are not a security, according to a press release.
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Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair