Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Coinbase, Uniswap Executives Praise Ethereum Giant Consensys for Acquiring SEC
ETHEREUM NEWS

Coinbase, Uniswap Executives Praise Ethereum Giant Consensys for Acquiring SEC

By Crypto FlexsApril 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coinbase, Uniswap Executives Praise Ethereum Giant Consensys for Acquiring SEC
Share
Facebook Twitter LinkedIn Pinterest Email

Big names in the cryptocurrency industry have since been supporting Consensys. Ethereum The Giants launched a preemptive strike against the SEC on Thursday.

The company behind Consensys metamask cryptocurrency wallethas filed a lawsuit against the SEC, claiming the regulator is trying to “seize control of the future of cryptocurrencies” and that its attempts to regulate them are excessive. Ethereum. (Disclosure: Consensys is one of 22 investors. decryption.) The company claims that the SEC plans to regulate Ethereum as a security.—So far, regulators have yet to state this publicly.

“Thank you (Consensys founders and the rest of the team) for standing up and defending our industry.” Uniswap Founder and CEO tweeted yesterday. “We are tired of overreach and harassment.”

The SEC has long had a contentious relationship with the cryptocurrency industry, filing multiple lawsuits against industry leaders such as Binance, Kraken, Uniswap, and Coinbase. This turn of tables was therefore welcomed with open arms by personalities in the space who took to Crypto Twitter to express their delight.

The SEC sent a notice to Wells earlier this month attacking Uniswap, claiming the decentralized exchange violated securities laws. A Wells Notice is a letter sent by the SEC to a person or company informing them that it plans to take enforcement action and file a lawsuit.

In its own lawsuit against the regulator, Consensys said it received the Wells notice from the SEC after years of investigation into Ethereum, the network’s transition to proof-of-stake after the merger, and specifically the Metamask crypto wallet.

Consensys’ preemptive lawsuit seeks to invalidate the SEC’s claims by getting the court to agree that Ethereum is not a security. This is a move that others in the industry have also made recently, including Coinbase.

The San Francisco-based cryptocurrency exchange is currently embroiled in a legal battle with the SEC over charges of selling unregistered securities. Following the Consensys announcement, Coinbase Chief Legal Officer Paul Grewal said: It was posted on Twitter To express your thoughts.

I know ETH is a commodity. We know that ETH is a commodity. The CFTC knows that ETH is a commodity. It is time for the SEC to admit that it still knows that ETH is also a commodity. There are no more games. thank you @Consensys Because we fought against the illegal expansion of the SEC’s power. https://t.co/8w7A4PBwUK

– paulgrewal.eth (@iampaulgrewal) April 25, 2024

“It is time for the SEC to admit that it still knows that ETH is also a commodity. “There are no more games.” “I am grateful to ConsenSys for fighting against the SEC’s unlawful expansion of its authority,” Grewal said.

Binance and Kraken (both still locked in their SEC legal battle) did not immediately respond. decryptionThis is a request for your opinion.

Edited by Stacey Elliott.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The FTX distributes bankruptcy $ 1.6 billion this month.

September 20, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitmine ‘s ethereum Holdings 46,255 Eth Buy 2.1 million units

September 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

September 22, 2025

CryptoLists.com Recognised As “Crypto Affiliate Of The Year” At SBC’s Affiliate Leaders Awards 2025

September 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025
Most Popular

FTX founder sentenced to 25 years in prison, SEC recovers $2 billion from Ripple, $70,000 from Bitcoin

March 31, 2024

BlackRock prepares to cut staff amid expectations for Bitcoin ETF

January 7, 2024

ChilliPop: Get Em All – Hold & Win Slot: A Spicy Bite

September 24, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.