Cryptocurrencies continue to be a relatively nascent domain, and the actions undertaken by governmental bodies often mark significant milestones. One notable instance is the Securities and Exchange Commission (SEC) filing a lawsuit against an alternative cryptocurrency (altcoin) for the first time. Additionally, the SEC has recently launched an offensive against the Ethereum ecosystem, marking a groundbreaking development. Furthermore, they have initiated the inaugural case surrounding decentralized finance (DeFi) and have also handled the first-ever registered securities crypto case, among others. Let us delve into these ongoing cases and explore their potential consequences.
