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Now, revealed court filings show that the SEC has been investigating Ethereum since March 2025. Specifically, the agency has reportedly been building a case to Recent court filings have disclosed that the US Securities and Exchange Commission (SEC) has been investigating Ethereum, the second-largest cryptocurrency by In a Monday filing, Consensys revealed that Gurbir Grewal, head of the SEC's enforcement division, approved a formal order of investigation into ETH's status as a The company alleged in the complaint that SEC’s Gurbir Grewal, Director of the Division of Enforcement, approved the investigation into Ethereum 2.0 on Ma In this post: The SEC has been investigating Ethereum as a security since early 2025. Ethereum software firm Consensys filed a lawsuit against the SEC over its

SEC Investigating Ethereum Since March 2023? What You Need To Know

Is the SEC investigating Ethereum? The answer, according to recent court filings, appears to be yes, and it may have started earlier than previously thought. While initial reports suggested a focus on Ethereum 2.0, the timeline is now under scrutiny.

The Consensys Lawsuit and the SEC's Ethereum Investigation

Ethereum software firm Consensys filed a lawsuit against the SEC over its handling of Ethereum. This legal action has brought crucial details to light. The company alleged in the complaint that SEC’s Gurbir Grewal, Director of the Division of Enforcement, approved the investigation into Ethereum 2.0 on March 2023. This is earlier than previous reports indicated.

Now, revealed court filings show that the SEC has been investigating Ethereum since March 2023. Specifically, the agency has reportedly been building a case to determine ETH's status as a security. In a Monday filing, Consensys revealed that Gurbir Grewal, head of the SEC's enforcement division, approved a formal order of investigation into ETH's status as a security.

Ethereum's Status as a Security: The SEC's Case

Recent court filings have disclosed that the US Securities and Exchange Commission (SEC) has been investigating Ethereum, the second-largest cryptocurrency by market capitalization. The core of the investigation seems to revolve around classifying ETH as a security. This could have significant implications for the entire cryptocurrency market.

Timeline of the SEC Investigation into Ethereum

In this post: The SEC has been investigating Ethereum as a security since early 2023. Key events in the timeline include:

  • March 2023: Alleged approval of a formal order of investigation into ETH's status as a security by Gurbir Grewal.
  • Ongoing: Building a case to determine whether Ethereum should be classified as a security.
  • Present: The Consensys lawsuit reveals the extent and timeline of the SEC's actions.

The SEC's investigation into Ethereum remains ongoing. Stay tuned for further updates as the situation unfolds.

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