is a security and his comments have created a furore. Dorsey responded with “yes” to a question asking if ETH is a security.Dorsey a “clown” on the social media platform.a 5-year-old video of the U.S. SEC Chairman Gary Gensler saying that ETH was now “sufficiently decentralized” and hence not a security.that Ethereum’s recent switch to proof-of-stake mechanism may have re-triggered securities laws.
BTC’s price fell by 6.6% to around $25,500 following the SEC enforcement. The King coin was trading above $26,800 at press time after recovery. ETH’s price fell about 5.4% to around $1,800 following SEC enforcement. It was trading at $1,870 as of this writing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: