The US Securities and Exchange Commission is considering classifying Ethereum's ether as a security, sparking debate over regulatory jurisdiction and the nature of Ethereum Foundation's inquiry.

Legal experts do not see the Ethereum Foundation's voluntary inquiry as alarming despite SEC's potential jurisdiction issues over the Switzerland-based organization.

Switching Ethereum back to a mining model is deemed unlikely after its years-long transition to a staking model, and a 'de-merge' would be a lengthy process amid concerns over mining's high energy consumption.

The cryptocurrency community contemplates alternative measures, like adopting Ethereum Classic or launching EthereumPoW, in response to potential SEC classification of ETH as a security.

The outcome of the SEC's consideration may affect the classification of ether ETFs, with industry experts predicting a six to nine-month timeline for potential SEC approval of spot ether ETFs.

Ethereum's price and network indicators show bullish trends, with an 11.63% price increase in the last 24 hours and positive network growth and velocity.