Ethereum

United

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-faces-new-legal-challenge-against-sec/" data-wpel-link="internal">Ethereum Faces New Legal Challenge Against SEC</a><br></p>
<p style="text-align: justify">In today’s market analysis, we mentioned that a lawsuit similar to last year’s GBTC case could be filed against the <a href="https://en.coin-turk.com/robinhood-gains-favorable-outlook-from-bernstein-with-a-30-price-target/" data-wpel-link="internal">SEC</a> for an Ether ETF. Hours later, major <a href="https://en.coin-turk.com/ethereum-rises-alongside-potential-bitcoin-etf-approval/" data-wpel-link="internal">Ethereum</a> supporter <strong>Consensys</strong> filed a lawsuit against the agency. Although there was no significant movement in Ethereum’s price, the shift from defense to offense is a positive sign.</p> 
<h2 style="text-align: justify" id="sec-faces-ethereum-lawsuit">SEC Faces Ethereum Lawsuit</h2> 
<p style="text-align: justify">The new lawsuit is a response to SEC Chairman Gary Gensler’s war on crypto companies, including <a href="https://en.coin-turk.com/turkish-crypto-exchanges-experience-surge-in-trading-volume/" data-wpel-link="internal">Coinbase</a> and Uniswap. In its 34-page filing, Consensys claims that the SEC’s efforts to exert jurisdiction over Ethereum are illegal. Moreover, it argues that this poses a threat to the future of blockchain technology.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-344650 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/sec-eth-davasi.png" alt="" width="887" height="324"></p> 
<p style="text-align: justify">Key details in the complaint file are as follows;</p> 
<blockquote> 
 <p style="text-align: justify">“The SEC’s unlawful seizure of authority over ETH would spell disaster for the Ethereum network and Consensys. Every ETH owner, including Consensys, would fear violating securities laws if they transfer ETH on the network. This situation would bring the use of the Ethereum blockchain in the United States to a halt and cripple one of the internet’s greatest innovations.”</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-faces-new-legal-challenge-against-sec/" data-wpel-link="internal">Ethereum Faces New Legal Challenge Against SEC</a></h5>

Ethereum Faces New Legal Challenge Against SEC

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