Ethereum Foundation is under government and SEC scrutiny, according to reports.
The Ethereum Foundation’s GitHub repository is currently under inquiry by an undisclosed government, according to reports. This inquiry into the Swiss non-profit organization comes after Dencun, the largest Ethereum upgrade since the network switched to proof-of-stake (PoS), went live on March 13, 2024.
The SEC is reportedly planning to classify Ethereum as a security.
Furthermore, the Securities and Exchange Commission (SEC) is reportedly actively pursuing legal measures to classify Ethereum, the second most prominent cryptocurrency, as a security.
Swiss regulator may have reportedly requested documents from the Ethereum Foundation in cooperation with the SEC.
According to an attorney familiar with the matter, it’s possible that a Swiss regulator has issued a document request to the Ethereum Foundation and could be collaborating with the U.S. Securities and Exchange Commission (SEC).
