According to a Fortune report on March 20, the US SEC’s investigation into the Ethereum Foundation maywillCovering the designation of Ether as a security, the foundation has stated on GitHub that it may be under investigation. “From government agencies”
It is reported that companies in the United States Several companies have received subpoenas from the US SEC asking them to provide documents and financial records related to their dealings with the Ethereum Foundation, according to people familiar with the matter. The Commission has launched a campaign to classify ETH as a security. Following the blockchain transition from proof-of-work to proof-of-stake in 2022.
SEC Chairman Gary Gensler has generally declined to directly answer questions about whether ETH qualifies as a security under the commission’s purview. Despite saying Bitcoin, Ether and other cryptocurrencies were “not securities” in 2018, the Commission has previously approved an ETF linked to Ether Futures but has not yet decided whether to approve or reject the Spot ETH ETF. no
refer : cointelegraph.com
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