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A government agency is allegedly investigating the ethereum Foundation, a nonprofit organization in the ethereum ecosystem.
Information about a possible investigation by an anonymous “government agency” ethereum/ethereum-foundation-website/commit/769b30603504b4b5e8f601f8014691a8d1821390″ target=”_blank” rel=”noreferrer noopener”>appeared on GitHub on February 26. However, the crypto community found out about the news a few weeks later.
“We received a voluntary investigation from a state authority that included a confidentiality requirement.”
GitHub commit
The developer's original comment on GitHub was deleted, as evidenced by the code edit history. The scope of the investigation and its focus are unknown at the time of this publication. The ethereum Foundation also did not comment on the investigation.
Previously, on the organization's website, there was information that the ethereum Foundation had never contacted any agency anywhere in the world in a way that required non-disclosure of this contact. However, according to changes on GitHub, the paragraph was removed on February 26.
Are ethereum ETFs a reason for an alleged investigation?
Meanwhile, the cryptocurrency community continues to speculate about the reason for the investigation. X users assume that the alleged investigation may be related to the anticipation of the launch of ethereum spot ETFs.
James Seyffart, Bloomberg analyst reported Previously, the chances of an ethereum-based ETF being approved in May have decreased significantly. According to Seyffart, the lack of constructive interaction between the SEC and ethereum ETF issuers may result in the rejection of applications submitted in this round.
The analyst noted that the US SEC needs to be more proactive in dialogue with potential ethereum-based ETF issuers.