The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum’s ether (ETH) was a security, not a commodity, during the state’s prosecution of KuCoin in 2023, according to a document revealed by Coinbase Inc. in a trove of agency communications released on Wednesday.
Shamiso Maswoswe, chief of the Investor Protection Bureau for the New York AG, hoped the federal watchdog would weigh in during the court dispute by filing a brief on its ETH view, according to a document produced through a Freedom of Information Act request Coinbase filed with the SEC.
„We would like to request that the SEC file an amicus in support of the argument that Ether is a security,” she wrote in the request. „Whether it is or not will not be dispositive in our case (we have authority over both securities and commodities) — but I think it would be beneficial to investor protection to get a court to hold that Ether is a security.”
This and other private crypto
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