Cryptocurrencies
SEC Lawsuit Hints at Case for US Jurisdiction Over Ethereum
- Potential argument for SEC oversight is buried in a lawsuit
- SEC says Ethereum network nodes most densely clustered in US
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The saga over cryptocurrency regulation took another twist courtesy of a comment buried in a Securities and Exchange Commission lawsuit that hints at a case for US jurisdiction over the Ethereum blockchain.
The suit lodged Monday is against the founder of a crypto investment research firm over allegedly undisclosed incentives linked to an initial coin offering. It also detailed the movement of Ether tokens in relation to the case.