Crypto Firm Sues SEC to Fend Off Oversight of Ethereum
- Consensys founder says SEC investigations are ‘accelerating’
- Lawsuit comes amid SEC scrutiny of Ethereum blockchain
The US Securities and Exchange Commission headquarters in Washington, DC.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Crypto software firm Consensys sued the US Securities and Exchange Commission in an effort to fend off regulation of the Ethereum blockchain and push back against what it called the agency’s “campaign to seize control over the future of cryptocurrency.”
Consensys says in a lawsuit in federal court in Texas Thursday that if the SEC is permitted to exert authority over Ethereum and its digital token Ether, it would bring the blockchain to a halt, “crippling one of the internet’s greatest innovations.”