Odaily News According to the relevant legal documents of the SEC's lawsuit against Consensys, Gensler, chairman of the US SEC, has always believed that ETH is an "unregistered security" and does not comply with current federal regulations over the past year. In addition, on March 28, 2023, Gurbir Grewal, head of the SEC's enforcement division, approved a formal order to investigate the securities status of Ethereum, authorizing law enforcement officers to investigate and subpoena individuals and entities involved in the incident. It is reported that the recipients of the subpoena must keep the investigation strictly confidential in accordance with the instructions of the US Securities and Exchange Commission if they want to know more details about the investigation. (Fox Business)