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SEC Probing Crypto Firms to Classify Ethereum as a Security: Fortune Reports
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The United States Securities and Exchange Commission (SEC) is reportedly serving subpoenas to several U.S. businesses as part of a “legal campaign” to formally classify Ethereum as a security, a Tuesday article from Fortune reveals.
According to the article by Fortune’s Leo Schwartz and Jeff Roberts, three prominent cryptocurrency businesses received subpoenas from the federal agency records about the Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, in recent weeks.
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