The investigation into Ethereum 2.0 seems to be a thorough and extensive one. The Securities and Exchange Commission (SEC) has requested that companies associated with the Ethereum Foundation provide documentation regarding their affiliations and the numerous agreements they have entered into. The purpose of this request is for the SEC to potentially designate the Foundation as the central governing entity of Ethereum and classify the altcoin as a security. While the Commodity Futures Trading Commission (CFTC) and several other agencies do not view Ether as a security, the SEC is making efforts to sway the perception in its favor through the Ethereum 2.0 investigation. It is highly likely that the recent investigation launched against a prominent DeFi platform is connected to this ongoing process.
