TD Cowen: Consensys vs. SEC Lawsuit on Whether Ethereum is a Security “Expected to Take Several Years”

TD Cowen believes that this lawsuit is “positive” because Consensys has raised key issues that need to be addressed. The investment bank states that SEC officials had previously stated that Ethereum was not a security, but Gensler refused to comment on the matter, creating the uncertainty that needs to be resolved. TD Cowen states that although this legal dispute will take “years instead of months” to resolve, even if Consensys is able to obtain a temporary injunction, certainty will not exist.