SEC investigates Ethereum Foundation and related companies, potentially classifying Ether as a security.

The US Securities and Exchange Commission (SEC) is reportedly investigating the Ethereum Foundation and companies doing business with the nonprofit, in a move that could see Ether classified as a security. This development could impact the approval of Ethereum ETFs and has raised regulatory uncertainty in the crypto industry. The investigation began shortly after Ethereum's shift to a new governance model in 2022.

March 20, 2024
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