Viewpoint: The investigation of the Ethereum Foundation or the SEC's investigation into coordinated attacks on Ethereum

Mars Financial News, industry insiders believe that the investigation into the Ethereum Foundation may be part of regulatory agencies' efforts against a "coordinated attack" on Ethereum, and could be used as a reason to reject or delay the approval of a spot Ethereum ETF. Travis Kling, Chief Investment Officer at Ikigai Asset Management, stated in a post on March 20th: "It now feels very much like a coordinated attack on ETH, I don't know what will happen." Fox Business reporter Eleanor Terrett even suggested that the subpoenas could explain why the U.S. SEC seems reluctant to engage with potential issuers of spot Ethereum ETFs. The SEC appears to lack involvement, which is one of the main reasons Bloomberg ETF analysts Eric Balchunas and James Seyffart recently reduced their probability of approving spot Ether ETFs by May from 70% to 25%.