News of investigations into the Ethereum Foundation and the currency is clearly declining!
A news report from Fortune magazine stated that the US Securities and Exchange Commission is currently waging an active legal campaign to classify Ethereum (the second most popular cryptocurrency) as securities, citing US companies that have received subpoenas related to the investigation, adding that the SEC has requested documents. For any transactions with the Ethereum Foundation.
The report explained that these investigations deal another blow to the hopes of the digital currency industry, as the US Stock Exchange Commission was going to approve applications submitted by BlackRock and others to obtain an Ethereum ETF after the SEC approved a series of Bitcoin trading funds in January.
It is noteworthy that one of Bloomberg's economic analysts, James Seyfart, stated earlier that it is possible that the US Securities and Exchange Commission (SEC) will postpone its approval of listing Ethereum trading funds on the US Stock Exchange next May. In this regard, Seyfart explained that the US Stock Exchange Commission’s discussions with issuers about launching Ethereum exchange-traded funds were not fruitful, as was the case before approving the listing of Bitcoin exchange-traded funds last January.
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