Neither Attormene General pressed sec to call ETH security in case of Kukoin

The newly sent documents show that the new lawyer in New York called on SEC to classify Etherum as security.

This urgency was visible during 2023 years execution action Against Crypto Exchange Kucoin. However, SEC has eventually refused to mention this position to publicly.

The documentspublished Coin Request for the Law on Freedom of Information, include e-mail from Shamiso Mavvosvea, a chief for protection for investor protection in Niagana office, to chair Garler’s Headquarters.

In the Matvosve message, he asked for it SEC Submit a short amicus that supports an argument that eats (El) is security. Although she admitted that the classification would not affect the state’s ability, because New York regulates and securities, she claimed that the judgment of the Court would affirm in the Ethia’s investor protection security status.

SEC did not submit a submission, and the Agency has since maintained a large extent ambiguous position on ET.

Historically SEC signaled that ether probably the goods, but after Etherem, he crossed the stake, speculation is intensified around whether the property could fall under the laws of securities. Despite the continual supervision, the SEC is never officially classified ET as security.

Kukoin Settlement

In December 2023, the Kukoin case had concluded an exchange that agrees with Rasp in the amount of $ 22 million in New York. At that time, Lawyer Letetia James said Effective action was part of a broader effort to keep the CRIPTO platform responsible for unlicensed activities.

COINBAZA Request also detected additional hearings on the SEC on the classification of digital assets, including an internal comment on Ripple’s KSRP and regulatory boundaries between centralized and decentralized blockade projects.

Coinbase continued to publish documents obtained from FoI within its legal and public efforts to push transparency around the crypto regulation.