The US Securities and Exchange Commission (SEC) has reportedly issued subpoenas to companies amidst discussions over categorizing Ether as a security, sparking regulatory uncertainty.
SEC Issues Subpoenas Amid Debate Over Ether's Classification as Security
The United States Securities and Exchange Commission has issued several subpoenas to companies in connection with attempts to label Ether as a security, Cointelegraph reported.
According to a Fortune report dated March 20, the SEC's investigation into the Ethereum Foundation could provide the commission with regulatory authority to define Ether as a security. The foundation indicated on GitHub that it may be under investigation "from a state authority."
Several US-based companies reportedly received SEC subpoenas requesting documents and financial records related to their dealings with the Ethereum Foundation. According to people familiar with the situation, the commission launched a campaign to classify ETH as a security after the blockchain transitioned from proof-of-work to proof-of-stake in 2022.
While in office, SEC Chair Gary Gensler refused to answer direct questions about whether ETH is a security under the commission's jurisdiction, despite claiming Bitcoin, Ether, and other cryptocurrencies were "not securities" in 2018.
The commission has approved exchange-traded funds (ETFs) linked to Ether futures but has yet to decide whether to approve or deny spot ETH ETFs; many experts anticipate a decision in May.
Prometheum's Ethereum Custody Move Spurs SEC Clarification Amid Regulatory Uncertainty
Prometheum, a cryptocurrency firm and one of the few companies approved by US financial regulators as a special purpose broker-dealer for digital asset securities, announced in February that it would provide institutional custody services for Ethereum.
The decision pressured the SEC to provide clarification for companies seeking to avoid potential liabilities associated with certain cryptocurrency assets.
If the SEC decides to regulate Ether, it may conflict with the United States Commodity Futures Trading Commission. Lawmakers have been attempting to enact legislation to clarify the roles of each regulator in relation to digital assets, but as of publication, no bill has been passed.


Samsung Electronics Poised for Massive Q4 Profit Surge on Soaring Memory Chip Prices
EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content
xAI Cash Burn Highlights the High Cost of Competing in Generative AI
Hyundai Motor Shares Surge on Nvidia Partnership Speculation
Discord Confidentially Files for U.S. IPO, Signaling Major Milestone
BTIG Initiates Buy on SoftBank as AI and Robotics Strategy Gains Momentum
Lenovo Unveils AI Cloud Gigafactory With NVIDIA and Launches New AI Platform at CES 2026
Intel Unveils Panther Lake AI Laptop Chips at CES 2025, Marking Major 18A Manufacturing Milestone
FxWirePro- Major Crypto levels and bias summary
China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns
Bitcoin Dips Below $90K on Minor ETF Outflow – Bearish Signals Dominate, But Buy-the-Dip Setup Targets $100K
Reddit Emerges as a Major Winner in the Shift to AI-Powered Search
FDA Limits Regulation of Wearable Devices and Wellness Software, Boosting Health Tech Industry
Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing




