๐ Big win for Ethereum! Consensys announced that the SEC is closing its investigation into Ethereum 2.0. ๐โจ
"Today, we're thrilled to announce a major victory for Ethereum developers and the industry: the SEC will not bring charges against ETH as securities transactions," Consensys tweeted.
Following the SEC's approval of Ethereum spot ETFs last month, Consensys queried how this would impact the investigation.
ETHEREUM SURVIVES THE SEC. ๐ก๏ธ
Today weโre happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.
This means that the SECโฆ
โ Consensys (@Consensys) June 19, 2024
Consensys attorney Laura Brookover posted the SECโs notification letter, stating, โAfter more than a year, the Ethereum investigation is finally over with no charges against anyone.โ
The SEC sent us a closing letter in the Ethereum 2.0 investigation today. Things have changed remarkably fast since we filed our lawsuit against the SEC in late April, culminating in todayโs development. After more than a year, the Ethereum investigation is finally over with noโฆ
โ Laura Brookover
Despite this win, Consensys remains critical of the SEC's approach to crypto regulation and continues to push for clarity regarding MetaMask Swaps and Staking. ๐ช
"The closing of the Ethereum investigation is momentous, but itโs not a cure-all for those who have suffered under the SECโs aggressive crypto enforcement regime,โ Consensys added.
๐ Cheers to this big step forward for Ethereum! ๐
