Ethereum Under SEC’s Radar – Claim Authority Over ETH Transactions – Coinpedia – Fintech & Cryptocurreny News Media

Despite U.S. Securities and Exchange Commission’s (SEC) controversial claims over Ethereum (ETH) transactions, it has seen a price jump of 4 percent in the last 24 hours.

SEC filed a lawsuit against Ian Balina, a crypto influencer, on September 19 claiming that he failed to register his digital assets before the 2018 ICO offering.

However, after reading the fingerprint, the crypto observers saw that the SEC was worried as Balina’s crypto transactions took place. The SEC stated that the entire Ethereum network comes under the purview of the US government. 

The SEC in its filing stated that the ETH sent to Balina was confirmed by a network of nodes in the ethereum