Another Positive Step for Ethereum from SEC: Investigation Ended!

The US Securities and Exchange Commission (SEC) dropped its investigation into Ethereum against Consensys.

In a recent statement made by MetaMask's developer company, Consensys Software, it was stated that the SEC's enforcement department has terminated the Ethereum 2.0 investigation opened against them.

In the post made from the company's

Today, we are pleased to announce a major win for Ethereum developers, technology providers, and industry participants: The SEC's Enforcement Division notified us that it has closed its investigation into Ethereum 2.0. This means the SEC will not file charges alleging that ETH sales are securities transactions.

What happened?

The SEC filed a lawsuit against Consensys, citing Ethereum as a security. While this case has been at the center of discussions since the first day, the Consensys front took action shortly after and harshly criticized the institution's attitude by filing a lawsuit against the SEC.

After this process, which had been going on for months and was full of unknowns, the SEC was the one who took a step back and dropped the case with its own consent. This step, taken weeks before the final approval for Spot Ethereum ETFs, was interpreted as a positive development for Ethereum and its investors.