Ethereum Foundation Faces Regulatory Scrutiny: Under Investigation by Swiss Authorities and SEC, Ethereum Foundation, Under the Radar of Regulatory Bodies for Potential SEC Collaboration
The Ethereum Foundation, a pivotal entity within the Ethereum ecosystem, finds itself under the lens of regulatory scrutiny as an unnamed “state authority” launches an investigation, as per disclosures found on the group’s GitHub repository.
According to insights from an attorney knowledgeable about the matter, indications suggest that a Swiss regulatory body may have initiated a document request directed at the Ethereum Foundation, potentially in collaboration with the United States Securities and Exchange Commission (SEC).
Although the exact nature of the investigation remains undisclosed, speculation arises amidst the backdrop of the SEC’s ongoing scrutiny of Ethereum in relation to an ETF (Exchange-Traded Fund) request. This correlation leads some to interpret the investigation as a consequence of the ETF deliberations, potentially casting a different light on the situation.
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