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    Ethereum price rises 3% as Consensys says SEC drops investigation into Ethereum 2.0 after ETH ETF approval

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    Ethereum Has risen It fell 3% after Consensys said the US Securities and Exchange Commission (SEC) had concluded its investigation into Ethereum 2.0, boosting sentiment around the altcoin ahead of the launch of the ETH ETF.

    “The SEC Enforcement Division has notified us that it will close its investigation into Ethereum 2.0,” Consensys said in a June 19 statement. mail On X. “This means that the SEC will not bring charges alleging that ETH sales are securities transactions.”

    ConsenSys is buying more ether, replenishing MetaMask with a $450 million raiseConsenSys is buying more ether, replenishing MetaMask with a $450 million raise

    Consensys calls ‘significant’ end to Ethereum 2.0 investigation a ‘huge victory’

    Consensys said the development is a “huge victory” for Ethereum Developers. In Series

    ETH ETF Launches “Waiting for Green Light” from SEC

    In the letter, the company asked whether approval of ETH ETFs (exchange-traded funds) would end the investigation into Ethereum 2.0. the consent The green light has not yet been given to issuers to launch these investment products. However, Consensys wrote that the approval was based on the premise that ETH tokens are commodities.

    Although the closure of the Ethereum investigation is “critical,” the company stated that it is “not a cure-all” for blockchain developers, service providers, and various participants who have “suffered” under the SEC’s “aggressive” regulatory regime.

    The security status of ETH remains unclear ahead of the final approvals of the ETH ETF

    Consensys went on the offensive earlier this year when He filed a lawsuit v. Securities and Exchange Commission in April. The reason for filing was to oppose the agency’s classification of Ethereum as a financial security. It now appears that the company is still intent on waging a fight with the Securities and Exchange Commission. “Our fight continues,” the company said at the end of Topic X.

    In the lawsuit filed by Consensys, Consensys alleged that SEC Enforcement Division Director Gurbir Grewal approved the investigation into Ethereum 2.0 on March 28 of last year. That was before the company received a Wells Notice from the SEC before Consensys filed the lawsuit.

    While chairing the SEC Gary Gensler Avoiding answering questions about ETH’s security status, Commodity Futures Trading Commission Chairman Rustin Behnam has classified the altcoin as a commodity.

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