"SEC Investigates Ethereum Foundation in Crypto Crackdown"

The Ethereum Foundation is facing an inquiry from an unnamed "state authority," while the SEC is reportedly seeking to classify ETH as a security, potentially impacting Ethereum, ETH ETF, and the crypto market as a whole. The scope and focus of the investigation remain unknown, and the SEC has sent investigative subpoenas to U.S. companies. Speculations suggest that a Swiss regulator may be involved, and the SEC's evaluation of Ether ETF applications may be linked to the recent activity.