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bitcoin
Bitcoin (BTC) $ 69,530.63 0.45%
ethereum
Ethereum (ETH) $ 2,494.13 0.96%
tether
Tether (USDT) $ 1.00 0.03%
bnb
BNB (BNB) $ 570.37 0.27%
solana
Solana (SOL) $ 166.61 0.54%
usd-coin
USDC (USDC) $ 1.00 0.01%
xrp
XRP (XRP) $ 0.509259 1.14%
staked-ether
Lido Staked Ether (STETH) $ 2,493.63 1.01%
dogecoin
Dogecoin (DOGE) $ 0.159838 0.38%
tron
TRON (TRX) $ 0.166234 0.54%

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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