Merge puts Ethereum under the regulator’s spotlight

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City AM

By Darren Parkin US financial regulators are homing in further on the cryptocurrency market after Ethereum’s landmark ‘merge’ this week. The so-called Merge is a major overhaul and switch over to a new operating model that will use 99.9% less energy and will reduce supply of the crypto. On the same day, and after the Senate Banking Committee, the chairman of the influential Securities and Exchange Commission (SEC), Gary Gensler, said that cryptocurrencies and intermediaries that allow holders to “stake” their crypto may define it as a security under the Howey Test. This is the name given to th…

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