Why does it matter if Ethereum is a security?
That means Ethereum and the exchanges that trade it will be subject to tighter enforcement from the SEC.
The crypto coin was trading at roughly $1,600 in late September.
SEC Chair Gary Gensler testifies during a House Financial Services Committee oversight hearing, at the U.S. Capitol, in Washington, D.C., on September 27, 2023.Photo: Graeme Sloan/Sipa USA (AP)
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