The SEC has initiated a thorough examination of Ethereum 2.0, which appears to be an all-encompassing probe. In order to shed light on the intricate web of connections and extensive transactions, the SEC has required companies affiliated with the Ethereum Foundation to provide documentation and explanations to the agency. By doing so, the SEC could potentially designate the Foundation as the central entity governing Ethereum, thereby classifying the altcoin as a security. While the CFTC and numerous other agencies do not view Ether as a security, the SEC is making efforts to sway the situation in its favor through the Ethereum 2.0 investigation. It is likely that the recent investigation targeting a prominent DeFi behemoth is connected to this ongoing process.
