New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year [FOX Business Network]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: FOX Business Network
EXCLUSIVE: 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, is 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 comply with federal securities laws. The new documents, filed Monday morning, have yet to be reported. They provide insight into the timeline behind the SEC's thinking regarding ethereum's alleged status as a security, and shed light on what has been perhaps the biggest question facing the $2 trillion digital asset industry about the regulatory status of a cryptocurrency
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COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- COIN's page on the SEC website