FOX: US SEC Chairman Deems ETH an Unregistered Security in the Past Year

According to the relevant legal documents of the SEC's lawsuit against Consensys, Gensler, chairman of the US SEC, has always believed that ETH is an "unregistered security" and does not comply with current federal regulations over the past year. According to the newly submitted documents, on March 28, 2023, Gurbir Grewal, head of the SEC's enforcement division, approved a formal order to investigate the status of Ethereum securities, authorizing law enforcement officers to investigate and subpoena individuals and entities involved in the incident. (Fox Business)