Anatoly Yakovenko, co-founder of Solana, has recently expressed significant concerns about the Securities and Exchange Commission’s (SEC) increased focus on Ethereum. Reports have surfaced suggesting that the SEC is contemplating classifying Ethereum (ETH) as a security, a decision that, while not officially confirmed, has ignited substantial debate within the cryptocurrency community. Yakovenko’s bold declaration, “If the state is against Ethereum, then I am against the state,” represents a staunch opposition to the potential classification and signifies a rare moment of solidarity in the often competitive crypto sector.
This development followed reports indicating that the SEC has requested records from American companies that have had interactions with the Ethereum Foundation. Such actions by regulators have shaken the crypto market, demonstrating a readiness to tighten the regulatory oversight in a crypto ecosystem where Ethereum (ETH) plays a pivotal role. The anticipation
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