The Ethereum Foundation has subtly altered its website, suggesting a possible confidential investigation by removing its footer and warrant canary.

The SEC is investigating the foundation with an aim to potentially classify Ether as a commodity, amidst discussions on the asset's regulation.

CFTC Commissioner Caroline Pham has called for cooperation between the CFTC and SEC and indicates the need for U.S. regulations to align with international standards.

Pham forecasts that regulatory clarity regarding the crypto market could emerge within the next two years.

The SEC's interest in the Switzerland-based Ethereum Foundation may stem from Ether's significant impact on the U.S. financial market.

Classifying Ether as a security could negatively influence the cryptocurrency market, affecting exchange-traded funds and overall asset adoption.

The Ethereum Foundation's response to the SEC's scrutiny could be pivotal in determining the outcome of this regulatory issue.

Should centralized exchanges in the U.S. cease Ether trading, decentralized exchanges may gain prominence as an alternative.