Even though Alderoty described the SEC's decision as a"big win" for Ethereum studio Consensys, he is still not sure whether it means that the company's offers and sales of the Ether token are not securities. Moreover, the legal status of Ether itself largely remains in a grey area. Bitcoin to $70,000 Imminent? Solana to Pump Ethereum: Here's How, Cardano Bounces Around $0.
In April, the Ethereum backer filed a lawsuit against the agency after a Wells notice of impending enforcement action. Consensys accused the SEC of recklessly hurting market participants and developers by attempting to label Ether as a security. The studio also defended its popular MetaMask wallet, denying the SEC's claims that it had violated securities laws by acting as an unregistered broker-dealer.
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