According to TechFlow, Ethereum developer Consensys posted on the social platform: "Ethereum has withstood the test of the U.S. Securities and Exchange Commission (SEC). Today we are pleased to announce that Ethereum developers, technology providers, and industry participants have won a major victory: the U.S. Securities and Exchange Commission's Enforcement Division has notified us that it is ending its investigation into Ethereum 2.0. This means that the SEC will not accuse the sale of Ethereum of being a securities transaction.
This decision follows our June 7 letter in which we asked the SEC to confirm that its approval of an Ethereum ETF in May was based on the premise that Ethereum is a commodity, which means the agency is closing its investigation into Ethereum 2.0. Closing the Ethereum investigation is significant, but it does not address the pain that many blockchain developers, technology providers, and industry participants have endured under the SEC’s unlawful and aggressive crypto enforcement regime.”