Ethereum holders v. NYAG: class action lawsuit recruits first thousand participants eth ethereum ether ethereumnews $eth
that the first thousand participants have joined a class action lawsuit by Ethereum holders against the New York State Attorney General . The gathering of participants began just four days ago, on March 10, when in a lawsuit against crypto exchange Kraken, prosecutor Letitia James stated that ETH is a security. The forthcoming class action has been named appropriately:"Ethereum Is Not a Security Class Action.
While there is no direct regulatory threat to Ethereum at the moment, allegations from the officials involved in the lawsuit, if left unchecked, could create trouble in the future. In addition to ETH, the prosecutor's statement also mentions LUNA and
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