- Solana co-founder Anatoly Yakovenko teams up with Ethereum to take on the SEC.
- Meanwhile, Stephen Nereoff praised the SEC's investigation into Ethereum.
Recent Security and Exchange Commission (SEC) Investigation of Ethereum [ETH] And the foundation has sparked speculation within the cryptocurrency community.
Ethereum has fallen 4% in the last week, raising concerns about the potential impact on the Spot Ether ETF.
Some see this as a strategic move, while others see it as a way for the SEC to block Ethereum ETFs.
Financial lawyers have a similar opinion. scott johnson I got it,
“The SEC said uncorrelated challenges would be necessary to reject the ETH Spot ETF this year, undermining claims in the CB/Binance case representing two of the biggest crypto issues the agency manages. I want to avoid it.”
Solana supports Ethereum
Co-founder of Solana, Anatoly YakovenkoSaid,
“If the state opposes Ethereum, I will oppose the state.”
The SEC is said to be collecting information from US companies associated with the Ethereum Foundation, but there has been no official confirmation from the regulator yet.
This caused shock within the crypto community over the potential impact such a classification would have on Ethereum and the broader crypto market.
Despite being a competitor, some members of the cryptocurrency community have emphasized the importance of harmonization with Ethereum in the SEC's actions.
For example, user X (formerly Twitter) @degengentI got it,
“ETH Maxis may be fools. But they are our fools.”
ETF Store President further deepens harmony Nate Geraci I got it,
“If the SEC was going to claim that eth = security, the time to do it was *before* approving the eth futures ETF last October…they didn't do that.”
United by cryptocurrencies, divided by opinions
On March 21st, members of the U.S. House of Representatives Patrick McHenry It also criticized the SEC's actions regarding Ethereum, noting that they are inconsistent with the Commodity Futures Trading Commission's (CFTC) assessment and the SEC's past actions.
Many do, but they have expressed concerns about Ethereum despite its rivalry.
Some critics of ETH, including lawyers Stephen NereoffKnown for his involvement with ETHGate within the XRP community, he supported the SEC's actions. Therefore, it will remain interesting to observe the future outlook for the ETH ETF as the situation unfolds.
