The post Will SEC Declare Ethereum As Security? Legal Expert Weigh-In appeared first on Coinpedia Fintech News
In a recent X post, analyst and legal adviser Metalaw draws attention to a significant historical event: the action taken by New York Attorney General (NYAG) Letitia James approximately a year ago. In this past move, Attorney General James made headlines by publicly asserting that Ethereum, one of the leading cryptocurrencies in the market, should be treated as a security.
This interpretation wasn’t merely a statement but was backed by tangible action as the NYAG’s office issued a press release backing the development.
Will @GaryGensler declare $ETH a security?
Maybe.
Don’t forget, NYAG Letitia James already did this a year ago and issued a press release trumpeting the move.
“This action is one of the first times a regulator is claiming in court that ETH, one of the largest cryptocurrencies…
— MetaLawMan (@MetaLawMan) April 23, 2024
Though the SEC’s
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