MICA Daily | SEC Takes Investigative Action on Ether, Scrutinizing Transactions by Enterprises and Foundations

According to a report by Fortune, enterprises have recently disclosed receiving letters from the U.S. SEC requesting all financial activity records related to the Ethereum Foundation. This move is widely interpreted as regulatory authorities attempting to classify Ether as a "security," potentially affecting the scheduled launch of an Ether spot ETF in May this year.

The SEC's action aims to gather information on specific interest groups and enterprises conducting commercial activities and manipulation behind Ether, with the intention of categorizing Ether as a security. The trend towards centralization has become more pronounced since Ethereum switched to a proof-of-stake (PoS) mechanism, raising the possibility of Ether being reclassified as a security.

This article is form blockcast:https://blockcast.it/2024/03/22/mica-daily-0322/

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