It has been announced that the government of an undisclosed country has initiated an investigation against the Ethereum Foundation.
In a rather surprising development today, Coindesk reported that an unnamed government has launched an investigation against the Ethereum Foundation.
The Ethereum Foundation, which aims to support the development of ETH as a non-profit organization, is based in Switzerland. They do not have an official relationship with ETH, but they play a crucial role in both establishing and advancing ETH.
This is also a debatable issue whether the investigation is significant or not. Regarding this matter, Mike Selig, a cryptocurrency lawyer, stated the following in his statement:
In other words, according to the lawyer, there is no reason to panic about the latest developments and it could stem from a routine information exchange request.
“I have some thoughts on this. I think it is related to ETFs as well as the enforcement actions of Coinbase/Binance. The SEC has been in a vulnerable position for a while with its stance on ETH. This could be an effort to maintain uncertainty or an attempt by the SEC to completely go beyond its jurisdiction.”
