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Ethereum scores a ‘big win’ as the SEC closes its investigation into Ethereum 2.0, confirming that Ethereum sales do not constitute securities transactions.
Ethereumthe second-largest cryptocurrency by market cap, scored a major victory as the US Securities and Exchange Commission’s Enforcement Division (second) announced the closure of its investigation into Ethereum 2.0, blockchain company Consensys He said in X’s post.
The SEC’s decision means the agency “will not file charges alleging sales… Ethereum “They are securities transactions,” explains ConsenSys.
“Closing the Ethereum investigation is critical, but it is not a cure-all for the many blockchain developers, technology providers, and industry participants who have suffered under the SEC’s unlawful and aggressive cryptocurrency enforcement regime.”
Consensus
The latest development comes after a June 7 letter to the SEC from Consensys, which requested confirmation that the latest update… consent From Ethereum spot exchange-traded funds (ETFs), assuming that ETH is a commodity, will close the investigation into Ethereum 2.0.
Despite the positive outcome, the battle for regulatory clarity between ConsenSys and the SEC continues as a blockchain company. seek A statement that offering user interface programs such as MetaMask Swaps and Stake does not violate securities laws.
The closure of the investigation represents an important step forward for Ethereum and the entire industry, which has been grappling with regulatory uncertainties and enforcement actions recently. Following the news, Ethereum price rose 3% and is now trading at $3,555, according to data from CoinMarketCap.
