Loading...
Market
Ethereum Price Reaction to Lawsuit Outcome
4
Resolution / Starting Odds
Price increases by more than 20% • 25%
Price stays stable (change within 20%) • 25%
Price decreases by more than 20% • 25%
No significant market reaction • 25%
Cryptocurrency market data providers like CoinMarketCap or CoinGecko
Story
Consensys Sues SEC, Challenges Ethereum Security Classification and $ETH ETF Block
Apr 25, 2024, 10:34 PM
A coalition led by Consensys and including other stakeholders in the blockchain industry has initiated legal action against the U.S. Securities and Exchange Commission (SEC), led by Gary Gensler. The lawsuit, filed in Texas, challenges the SEC's recent policies, which the plaintiffs argue unlawfully restrict the operations of blockchain technologies like Ethereum in the U.S. They contend that the SEC's stance that staking transforms Ethereum from a commodity to a security, thus justifying the block of $ETH spot ETFs, is baseless and threatens the development of the cryptocurrency sector. Key figures such as Consensys founder Joseph Lubin criticize the SEC's actions as politically motivated and anti-innovation, which could severely impact developers, investors, and users of blockchain technology. The lawsuit also defends principles such as the rule of law, fair notice, and due process.
View original story
Similar markets
Market cap of Ethereum-related companies rises • 25%
Market cap remains stable • 25%
Market cap decreases • 25%
Significant volatility in market cap • 25%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
Decrease by more than 5% • 25%
Decrease by less than 5% • 25%
Price drops over 20% • 25%
Price drops 10% to 20% • 25%
Price drops less than 10% • 25%
Price remains stable or increases • 25%
Significant increase in Ethereum's price • 25%
Minor increase in Ethereum's price • 25%
No significant change in price • 25%
Price decline • 25%
Increase in XRP price • 33%
Decrease in XRP price • 33%
No significant change in XRP price • 34%
Increase > 10% • 25%
Increase 5-10% • 25%
Decrease < 5% • 25%
No significant change • 25%
Significant Increase (>10%) • 33%
Significant Decrease (>10%) • 33%
No Significant Change • 34%
Majority views as commodity • 33%
Majority views as security • 33%
Opinions remain divided • 34%
Increase by over 10% • 33%
Increase by less than 10% • 33%
No significant change • 34%
Increase over 10% • 33%
Decrease or increase less than 10% • 34%
Decrease over 10% • 33%