Ethereum Foundation Faces Confidential Inquiry by State Authority

The Ethereum Foundation received a confidential inquiry from a state authority, leading to the removal of its warrant canary and raising questions about ETH's classification as a security.

The Ethereum Foundation has received a voluntary and confidential enquiry from an unspecified state authority, as indicated by a GitHub commit.
The foundation removed its warrant canary from the website, a signal that it may have received a secret government subpoena or document request.
Fortune reported that the SEC is seeking to classify ETH as a security, which could have major implications for Ethereum and the crypto market.
The SEC has sent investigative subpoenas to U.S. companies in recent weeks, amidst speculation about the approval of an ETH exchange-traded fund.
The Ethereum Foundation has not publicly disclosed the nature of the inquiry or the identity of the state authority involved.