Consensys alleges the SEC considered ether to be a security over a year ago

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Consensys alleges the SEC considered ether to be a security over a year ago
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The SEC approved a 'formal order' to investigate Ethereum a year ago, Consensys alleged in a newly unredacted complaint on Monday.

The U.S. Sec urities and Exchange Commission approved a "formal order" to investigate ethereum a year ago, Consensys Software Inc. alleged in a newly unredacted complaint on Monday.

"On March 28, 2023, Gurbir Grewal, Director of the Division of Enforcement, approved the Formal Order of Investigation in the matter of “Ethereum 2.0” , delegating to the SEC staff broader authority to investigate and subpoena individuals and entities involved in the buying or selling of ETH. The Commission affirmed the issuance of the Formal Order shortly thereafter on April 13, 2023," attorneys for Consensys wrote.

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