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Reblogged by slightlyoff@toot.cafe ("Alex Russell"):
web3isgreat@indieweb.social ("web3 is going just great") wrote:
SEC launches investigation into Ethereum Foundation
March 20, 2024
https://www.web3isgoinggreat.com/?id=sec-ethereum-foundation-investigation
Attachments:
- SEC launches investigation into Ethereum Foundation Fortune reported that the U.S. Securities and Exchange Commission has targeted the Swiss-based Ethereum Foundation for investigation, apparently in an effort to classify its ETH token a security. The report came out shortly after CoinDesk reported that a warrant canary had been removed from the Ethereum Foundation's website. Although the SEC has agreed that bitcoin is a commodity and not a security, it has been hesitant to make similar explicit statements about ETH. Designation as a security could be devastating to the Ethereum project and to ETH, which is the second most popular cryptocurrency to bitcoin. (remote)
