Crypto Industry Giants Rally Behind Consensys in Battle Against SEC

By: Isha Das

There's a rallying cry in the crypto industry as leaders, the likes of Coinbase and Uniswap, come together in support of Consensys, the Ethereum giant. The central issue at play is the differing standpoints of the US Securities and Exchanges Commission (SEC) and Consensys about whether Ethereum is a security or not.

This dispute was thrust into the spotlight when Consensys became a target for the SEC, but the Ethereum heavyweight isn't backing down. Instead, it is engaging in a hefty battle to convince the SEC of Ethereum's correct classification.

This intense discourse within the crypto industry is not only impacting the organizations directly involved but also the broader crypto community that is waiting on bated breath for the final decision.