New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year

EXCLUSIVE: The Securities and Exchange Commission and its chairman, Gary Gensler, appear to have believed for at least a year that the second largest cryptocurrency, ethereum, is an unregistered security trading out of compliance with current federal regulations, FOX Business has learned.

The revelation comes following the filing of an unredacted complaint against the agency by ethereum software company Consensys. The company filed the redacted version of the lawsuit in a Texas federal court...