According to reports, an agency of the government is investigating the Ethereum Foundation. This non-profit organisation in the Ethereum eco system.
The following information is about an alleged investigation that may have been conducted by a non-named individual. “government agency” appeared On GitHub. The crypto community only learned about the story a few months later.
“We have received a voluntary enquiry from a state authority that included a requirement for confidentiality.”
GitHub commit
As evidenced by code edit history, the original developer comment was removed from GitHub. At the time of publishing, the scope and focus of the investigation were unknown. Ethereum Foundation has not made any comment about the investigation.
The Ethereum Foundation’s official website stated earlier that it had never made contact with any government agency around the globe in a form that was deemed to be confidential. According to changes made on GitHubThe paragraph has been removed since February 26.
Ethereum ETFs: A reason for an alleged investigation?
The cryptocurrency community is still speculating about why the probe was launched. Users of X assume the investigation could be linked to the anticipation of the launch Ethereum spot ETFs.
Bloomberg Analyst James Seyffart reported Early on, it was found that there are higher chances of an EthereumThe approval of ETFs in May decreased dramatically. Seyffart says that there has been a lack of interaction constructive between the SEC Ethereum ETF This round of applications may not be accepted by issuers.
Analysts noted the need for the U.S. SEC to engage in more active dialogue with possible issuers and potential investors of Ethereum-based ETFs.
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Source: crypto.news
