EddieJayonCrypto
20 Mar 24
The U.S. Securities and Exchange Commission is considering labeling Ethereum's cryptocurrency, ether, as a security. This decision could have a significant impact on the Ethereum blockchain and the broader cryptocurrency market.According to a report from Fortune, the SEC has issued investigative sub...
The U.S. Securities and Exchange Commission is considering labeling Ethereum's cryptocurrency, ether, as a security. This decision could have a significant impact on the Ethereum blockchain and the broader cryptocurrency market.
According to a report from Fortune, the SEC has issued investigative subpoenas to U.S. companies in recent weeks, signaling increased scrutiny of the crypto space. This development comes as Wall Street firms are seeking approval to trade spot ether exchange-traded funds. News of this intensified oversight follows a confidential inquiry directed at the Ethereum Foundation, a non-profit organization supporting the ETH ecosystem, by an undisclosed state authority.
In a message posted to GitHub on Feb. 26, the Ethereum Foundation acknowledged receiving the voluntary inquiry with a confidentiality clause.
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