
SEC vs Ether: crypto strikes back The US Securities and Exchange Commission (SEC) seems to have noticed Ether. In March, several companies associated with Ethereum received requests for information from the SEC. The experts immediately assumed that the Commission was going to file claims for illegal trading in securities. This is standard wording suggesting that the asset (in this case Ether) is a security. Frankly, such a demarche of the SEC was expected. Commissioner Gary Gensler has repeatedly argued that all cryptocurrencies except Bitcoin are securities. Ether, therefore, was by default classified as a securities, so the attack on Vitalik Buterin’s creation was just a matter of time. Even Ripple and Coinbase court decisions have not influenced the SEC’s decision. Had this been the case a year or a year and a half ago, it would certainly have caused serious fluctuations in the course of the crypto. Now, the market has received signals from the SEC completely quietly. On the one han...