Ethereum founders face SEC investigation

Fox Business journalist Eleanor Terrett reported that the U.S. Securities and Exchange Commission (SEC), whose representatives are trying to control the activities of cryptocurrency platforms and investors, may accuse the founders of the Ethereum cryptocurrency of violating the Securities Act — the SEC has until 2024 to do so.

According to Eleanor Terrett, previously, SEC representatives could charge crypto companies that sold unregistered securities within 5 years of the start of sales, meaning that the founders of Ethereum could be charged until 2019. However, the U.S. Congress provided the SEC with a 10-year window for investigations into platforms that have traded and are trading unregistered securities. Accordingly, the regulator now has time to investigate Ethereum until 2024.

In early June, it was reported that the U.S. Securities and Exchange Commission had launched an Binance-zvynuvatyly-u-porushenni-zakonu/" data-wpel-link="internal">investigation to determine whether Binance Holdings had violated the rules established for securities when it launched its BNB token as part of an initial coin offering (ICO) five years ago. However, a few weeks ago, SEC representatives denied the information about the accusations against Binance, saying that the SEC was not investigating the case.