The U.S. Securities and Exchange Commission is investigating the Ethereum Foundation and companies doing business with the nonprofit, according to a new report from Fortune Wednesday. And that’s very bad news for crypto enthusiasts who were hopeful that spot Ether ETFs, which would make it easier for investors to invest in the cryptocurrency without holding it personally, would be approved by regulators soon.
From Fortune: According to a person at a company who received a recent subpoena request, the SEC’s probe of the Swiss-based Ethereum Foundation began shortly after the blockchain’s shift to a new governance model known as “proof-of-stake” in September of 2022.
Source: Digital Coin News (digitalcoinnews.net)
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