SEC probes if Ethereum is security as ‘final battle’ looms

In reference to computer games, there is a concept of the 'final boss' in crypto folklore. For crypto, the 'final boss' is the government. The SEC's decision to issue subpoenas to crypto companies are an attempt by the agency to classify Ethereum as a security and therefore put it under its jurisdiction. SEC Head Gary Gensler may well see this as the final chance to keep the 'genie' of decentralised finance in the bottle by severely increasing the regulatory risk for crypto projects.