Ethereum

Foundation

Coin

<ul class="news-points">
 <li>Ethereum Foundation is under government and SEC scrutiny, according to reports.</li>
 <li>The SEC is reportedly planning to classify Ethereum as a security.&nbsp;</li>
 <li>Swiss regulator may have reportedly requested documents from the Ethereum Foundation in cooperation with the SEC.</li>
</ul>
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 <a href="https://coinedition.com/after-the-dencun-upgrade-l2-network-fees-have-dropped/" rel="noopener noreferrer nofollow">Ethereum upgrade</a> since the network switched to proof-of-stake (PoS), went live on March 13, 2024.
There were still some unknown factors at the time of certain reports regarding the Ethereum Foundation. The <a href="https://github.com/ethereum/ethereum-foundation-website/commit/769b30603504b4b5e8f601f8014691a8d1821390" target="_blank" rel="noopener noreferrer nofollow">GitHub commit</a> dated February 26, 2024, states, “We’ve received a voluntary inquiry from a state authority, which stipulated confidentiality as a requirement.”&nbsp;
The February 26 Github commit footer was deleted, along with the Ethereum Foundation warrant canary, where the foundation denied its contact with “any agency in the world regarding contact not being disclosed.”
Furthermore, the Securities and Exchange Commission (SEC) is reportedly actively pursuing legal measures to classify Et…
The post <a href="https://coinedition.com/ethereum-foundation-is-under-government-and-sec-scrutiny/" rel="noopener noreferrer nofollow">Ethereum Foundation Is Under Government and SEC Scrutiny</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum Foundation Is Under Government and SEC Scrutiny

Coin Edition

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