New York Prosecutors Sought SEC's View on ETH as Security in KuCoin Case

## New York Prosecutors Asked SEC About ETH Security Status in KuCoin Lawsuit In 2023, the New York Attorney General's office reportedly requested the Securities and Exchange Commission (SEC) to weigh in on whether Ethereum (ETH) should be classified as a security during the lawsuit against KuCoin. CoinDesk revealed this information based on internal SEC documents obtained by Coinbase through a Freedom of Information Act (FOIA) request. Shamiso Maswoswe, former head of the New York State Investor Protection Bureau, urged the SEC to provide a court opinion "to strengthen the argument that ETH is a security." This highlights the ongoing debate surrounding the regulatory classification of cryptocurrencies, particularly ETH. ## SEC's Position on Ethereum Remains Unclear The SEC did not issue an official statement regarding ETH's security status at the time, suggesting the agency hadn't finalized its stance. The classification of ETH has significant implications for the regulatory landscape of cryptocurrencies in the United States, impacting how exchanges and projects operate. The case underscores the complexity of applying existing securities laws to novel digital assets. ```