The digital-asset world is going about business as usual despite some worrisome issues that may be raised by the US Securities and Exchange Commission’s probe of the Ethereum Foundation, the organization that supports the second-biggest cryptocurrency.
The unspecified investigation highlights the long-running debate over whether Ether, a token used on the blockchain, is a security. If declared as such, that would make the token commonly referred to as ETH subject to SEC guidelines that many in the industry have bristled against. Even so, Ether has gained about 5% since Tuesday.
FAQs
"The Enforcement Division of the SEC responded by notifying us that it is closing its investigation into Ethereum 2.0 and will not pursue an enforcement action against Consensys," the company wrote in a statement June 18.
Who runs the most Ethereum nodes? ›
Aside from the 69 percent of modes hosted on the Ethereum mainnet, Amazon Web Services (AWS) hosts more than 50 percent of modes. Furthermore, over 15 percent of nodes are hosted by Hetzner, while 4.1 percent are hosted by OVH. Solana is in a similar predicament.
How anonymous is Ethereum? ›
Pseudonymity: Ethereum transactions are pseudonymous, meaning they are not directly linked to the identities of the users. Instead, transactions are recorded under unique addresses, which consist of a string of alphanumeric characters.
Who is the largest ETH staker? ›
| Entity | Staked | Marketshare |
|---|
| Lido | 9,741,309 | 88.92% |
| Rocket Pool | 693,432 | 6.33% |
| Frax Finance | 150,656 | 1.38% |
| Stader | 125,719 | 1.15% |
16 more rowsLubin claimed the SEC was acting against crypto because it “doesn't want to see a wave of innovation” sweep across the traditional finance sector should Ethereum gain further mainstream adoption.
Which Ethereum co founder says SEC is gaslighting everyone about crypto? ›
Joe Lubin cofounded Ethereum. Now his company is suing the Securities and Exchange Commission, and he says the future of the internet is at stake.
Can police trace Ethereum? ›
So, are Ethereum transactions traceable? Yes, they are. The public and transparent nature of the Ethereum blockchain ensures that all transactions can be viewed and traced by anyone.
Which crypto is not traceable? ›
Unlike traditional cryptocurrencies, Monero uses ring signatures, stealth addresses, and confidential transactions to obfuscate the sender, recipient, and transaction amount. This means that transactions made with Monero are virtually untraceable, making it difficult for anyone to uncover your financial activities.
Is Ethereum controlled by anyone? ›
Like Bitcoin, Ethereum is an open-source project that is not owned or operated by a single individual. This means that anyone, anywhere can download the software and begin interacting with the network.
Who are the largest holders of Ethereum? ›
Top 10 Ethereum Holders
- Beacon Deposit Contract.
- Wrapped Ether Contract.
- Binance 7.
- Arbitrum: Bridge.
- Robinhood.
- Kraken.
- Base: Base Portal.
- Bitfinex 19.
| Vitalik Buterin |
|---|
| Known for | Ethereum, Bitcoin Magazine |
| Awards | Thiel Fellowship |
| Scientific career |
| Fields | Digital contracts, digital currencies, game theory |
6 more rowsEthereum is an open-source blockchain platform built by hundreds of thousands of developers from around the world. Since Ethereum is a decentralized network, no single entity controls or owns it.
What crypto companies are being sued by SEC? ›
Crypto Assets
| Action Name | Date Filed |
|---|
| SEC v. Genesis Global Capital, LLC and Gemini Trust Company, LLC | 1/12/2023 |
| SEC v. Chandran, et al. | 1/4/2023 |
| SEC v. Ellison and Wang | 12/21/2022 |
| SEC v. Thor Technologies, Inc. and Chin; SEC v. Moravec | 12/21/2022 |
87 more rowsConsensys sued the SEC on April 25, 2024 to defend the Ethereum ecosystem, seeking a court order that would halt the SEC's investigation, on the grounds that ETH is a commodity and therefore the SEC lacks jurisdiction to investigate or regulate it.
Is Ethereum regulated by SEC? ›
While the SEC's approval of ETH ETFs represents a clear and positive step in the classification of ETH as a commodity, the SEC remains free to argue that ETH staking is an investment contract (a.k.a., a security) subject to its jurisdiction.
Did SEC approve ETH ETF? ›
SEC Approves Ether ETFs
The US Securities and Exchange Commission has approved the first spot Ethereum exchange-traded funds (ETFs). Trading for these ETFs began on July 23, 2024. This follows the successful launch of Bitcoin ETFs earlier this year, paving the way for increased institutional investment in Ethereum.
