Happycoin.club - Employees of the technology company Consensys Software reported that the US authorities will not assign Ethereum (ETH) the status of a security.
Today we are pleased to inform you of a big victory won by Ethereum developers and other participants in the crypto industry.
SEC enforcement officials have informed us that they have closed their investigation into Ethereum 2.0.
This means that the agency will not insist that the sale of ETH relates to securities transactions, wrote representatives of Consensys Software.
In March 2023, the head of the US Securities and Exchange Commission (SEC) enforcement division, Gurbir Grewal, approved an investigation into the transition of the Ethereum blockchain to the PoS consensus protocol to determine whether the purchase and sale of cryptocurrency constitutes securities transactions.
In April of this year, employees of the crypto wallet MetaMask filed a lawsuit against the SEC to challenge the inclusion of ETH in the list of securities, and, apparently, they managed to win.
Gurbir Grewal
On June 7, representatives of Consensys Software sent a letter to the regulator, wanting to make sure that the approval of Ethereum-ETF means the SEC’s refusal to recognize the digital asset as a security. In response, officials informed them that the investigation was completed and explained the approval of the derivatives by the fact that the coins were recognized as goods.