SEC chair, Gary Gensler, stated all cryptocurrencies besides Bitcoin (BTC) are securities under his agency’s jurisdiction, but crypto lawyers have quashed the claim saying it's up to the courts to decide.
Members of the Ethereum community have expressed bullishness over Coinbase's new layer-2 network, Base. However, one lawyer believes the launch “opens the door” for the SEC to accelerate its "secondary market agenda."
An Illinois senator has introduced a bill that would force crypto node operators, miners, and validators to reverse transactions if required to do so by the court even though that’s an “impossible” task.