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HODL LAW’s Legal Battle Over Ethereum’s Status Hits Procedural Roadblock

Published 02/08/2023, 12:49
Updated 02/08/2023, 14:45
HODL LAW’s Legal Battle Over Ethereum’s Status Hits Procedural Roadblock
ETH/USD
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  • HODL Law sought to assist clients harmed in the crypto space and sued SEC over Ethereum’s security status.

  • The court granted SEC’s motion to dismiss HODL LAW’s suit due to lack of standing.

  • The law firm believes SEC’s unclear position indicates potential future action against Ethereum.

On August 1, HODL LAW tweeted that they will meticulously carry out their duty as expert legal counsel and assist all clients “that have been hurt and taken advantage of in the crypto space.” On July 28, HODL LAW, PLLC sued the U.S. Securities and Exchange Commission (SEC) in a United States District Court, seeking declaratory relief on whether Ethereum (ETH) is considered a security.

Yesterday, the blockchain legal firm clarified that the court granted the SEC’s motion to dismiss based on procedural grounds, ruling that HODL LAW lacked standing to sue. …

The post HODL LAW’s Legal Battle Over Ethereum’s Status Hits Procedural Roadblock appeared first on Coin Edition.

The post HODL LAW’s Legal Battle Over Ethereum’s Status Hits Procedural Roadblock appeared first on Coin Edition.

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