Summary
The Ethereum Foundation has been targeted by government inquiries, potentially from the SEC in the US. The SEC has been issuing subpoenas related to Ethereum and the organization, despite legal precedent suggesting spot Ethereum ETFs should be approved. The Swiss Financial Market Supervisory Authority may also be involved.
Key Points
1. The Ethereum Foundation has a warrant canary on its website, which serves as a signal that the company has not been served with a secret government subpoena or document request.
2. The Ethereum Foundation is based in Switzerland and falls under the purview of the Swiss Financial Market Supervisory Authority (FINMA), though it is unclear which government has launched an inquiry into the organization.
3. The U.S. Securities and Exchange Commission (SEC) has issued subpoenas to several crypto companies related to their dealings with the Ethereum Foundation, indicating increased scrutiny of Ethereum and potential obstacles to the approval of spot Ethereum ETFs on Wall Street.