Foreign media: The chairman of the U.S. SEC has consistently classified ETH as an "unregistered security" over the past year

ChainCatcher news, according to Fox Business, based on the legal documents related to the SEC's lawsuit against Consensys, SEC Chairman Gensler has consistently believed over the past year that ETH is an "unregistered security" and does not comply with current federal regulations.

In addition, on March 28, 2023, Gurbir Grewal, head of the SEC's enforcement division, approved a formal order to investigate the securities status of Ethereum, authorizing enforcement personnel to investigate and subpoena individuals and entities involved in the matter.

It is reported that subpoena recipients must strictly keep the investigation confidential if they wish to learn more details about the investigation, as directed by the U.S. Securities and Exchange Commission.