SEC Probing Crypto Firms to Classify Ethereum as a Security: Fortune Reports

The United States Securities and Exchange Commission (SEC) has reportedly served a number of key businesses in the crypto industry with subpoenas in relation to obtaining records about the Ethereum Foundation, a new report reveals. According to Fortune, SEC Chair Gary Gensler is leading the agency in a "legal campaign" that would classify Ethereum as a security, dwindling hopes for a May Ethereum ETF approval. The post SEC Probing Crypto Firms to Classify Ethereum as a Security: Fortune Reports ...