The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum and will not classify ETH as a security. The investigation, which had been ongoing for over a year, primarily focused on whether Ethereum’s transition from proof-of-work to proof-of-stake changed its classification under securities laws. Despite initial concerns and subpoenas issued to companies associated with the Ethereum Foundation, the SEC ultimately decided not to pursue any enforcement action designating ETH as a security.
This outcome aligns with previous actions by the SEC, which have included approving ETFs tied to Ether futures but not listing ETH as a security in lawsuits against major crypto exchanges like Coinbase and Binance.
