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bitcoin
Bitcoin (BTC) $ 98,489.39 5.26%
ethereum
Ethereum (ETH) $ 3,380.22 11.11%
tether
Tether (USDT) $ 1.00 0.19%
solana
Solana (SOL) $ 258.28 11.21%
bnb
BNB (BNB) $ 624.01 3.41%
xrp
XRP (XRP) $ 1.22 12.79%
dogecoin
Dogecoin (DOGE) $ 0.386198 4.00%
usd-coin
USDC (USDC) $ 1.00 0.23%
staked-ether
Lido Staked Ether (STETH) $ 3,374.60 10.93%
cardano
Cardano (ADA) $ 0.806118 1.66%

Is Ether a Security?

The NYAG sued KuCoin last week under state law, alleging that ether, post-Merge, is a security under the Ethereum blockchain’s proof-of-stake consensus mechanism. The NYAG also alleged that terraUSD (UST) and luna (LUNA) are securities, as well as KuCoin’s Earn platform. I’m not going to get into the last two – regulators have alleged for a while now that “earn” products are securities, and have settlements with various lenders to support that contention, and there are other cases looking at the terraUSD/luna ecosystem.

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