Group lawsuit against the recognition of ETH has collected thousands of signatures - BITS Media

The founder of the project Cryptolaw reported, that thousands of like-minded people joined the group lawsuit against the ether-to-the-securities of the New York Prosecutor General of the state.

John Diton (John Deaton) Wrote on Twitter, that the first thousand community participants Ethereum has already joined the collective lawsuit against the actions of the New York Prosecutor General. Four days ago, 10 Martha, In the lawsuit against the Kucoin crypto -tank Prosecutor Leticia James (Letitia James) stated, that ETH is a security.

We have over 1K with approximately 57 New Yorkers. It would be great to get a couple hundred New Yorkers who want to speak up against the NYAG’s allegation that #ETH is a security, https://t.co/7OIOYjucfd
— John E Deaton (@Johnedeaton1) March 14, 2023

John Dyton specified, that at the moment there is no direct regulatory threat for the assets of the Ethereum network. However, constant accusations of cryptocurrency companies in violation of the law on securities, sounding from the regulators and officials, They can create problems for ETH in the future.

Earlier, Diton called
The Ethereum community will timely react to the charges and will join the petition.

#ETH is NOT a security. Had the SEC claimed #ETH was a security, I would’ve acted just as I did over #XRP. These regulators are out of control. Retail holders need to speak for themselves. If you are an #ETH holder and want to fight back sign up below.
https://t.co/EjsD0ZHwOG https://t.co/CzlYILFdYp
— John E Deaton (@Johnedeaton1) March 10, 2023

The other day, the founder of the law company Gradylaw Tom Grady (Tom Grady) stated, that against the backdrop of investigations, related to possible violations of federal
laws on securities by Coinbase and Robinhood, The crypto industry can be overwhelmed by a wave of collective lawsuits.