The SEC is seeking to dismiss a lawsuit from a cryptocurrency law firm seeking a declaration that assets traded on Ethereum are not securities.
Mary Alexandra Verdi of the U.S. Securities and Exchange Commission has stepped in to fight a pending securities lawsuit. The complaint, filed Nov. 21 by Hodl Law, seeks a declaration that assets traded on the Ethereum Network are not “securities” and that trading on the platform does not constitute the “sale of unregistered securities.”
