The Ethereum 2.0 investigation seems to be an all-encompassing endeavor. The Securities and Exchange Commission (SEC) has requested that companies associated with the Ethereum Foundation provide documentation of their affiliations and elucidate the extensive transactions they have engaged in. This is an attempt by the SEC to potentially designate the Foundation as the central governing body of Ethereum and classify the altcoin as a security. While the Commodity Futures Trading Commission (CFTC) and various other agencies do not view Ether as a security, the SEC is striving to sway the tide in its favor through the Ethereum 2.0 investigation. The recent inquiry launched against a prominent decentralized finance (DeFi) titan is likely connected to this ongoing process.
