Will Bitcoin's ETH be recognized as a security #bitcoin #bitcoin #blockchain #Ethereum #cryptocurrency #virtual currency #currency circle #stock market

Hello everyone, this is Bitcoin market analysis, hot spots in the currency circle, and interpretation of major financial events. Today I want to talk to you about whether ETH will be recognized as a security.
Fox Business recently reported that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has been trying to treat Ethereum as an unregistered security that does not comply with existing federal regulations since at least a year ago, according to court documents filed by Ethereum software giant Consensys. Consensys is challenging the SEC’s move to reclassify Ethereum as a security through a lawsuit.
Documents show that on March 28, 2023, Gurbir Grewal, head of the SEC's enforcement department, approved an investigation order to launch a formal investigation into "ETH 2.0", authorizing SEC staff to investigate and issue subpoenas to various project personnel involved in ETH transactions. The FOX report mentioned that the SEC was determined to keep the investigation secret, and a source said that he was dissatisfied because he was forced to sign a confidentiality agreement. Consensys, one of the companies to receive a subpoena from the SEC, filed a lawsuit with the SEC last week. The company revealed that it also received a "Wells Notice" from the SEC earlier this month regarding potential enforcement regarding its MetaMask Swaps service and staking business. action.