Good news! SEC will end the investigation and determine that ETH is not a security! Will the Ethereum spot ETF pass the test in July?

Consensys tweeted earlier today that the SEC will end its investigation into Ethereum and will not accuse the sale of Ethereum of securities trading:

"Today we are pleased to announce a major victory for Ethereum developers, technology providers, and industry participants: the SEC Enforcement Division has notified us that it is ending its investigation into Ethereum 2.0, which means that the SEC will not accuse the sale of ETH of securities trading."

This means that the SEC will end its investigation into Ethereum 2.0.

Ending the investigation into Ethereum is significant, but it does not solve the pain that many blockchain developers, technology providers, and industry participants have suffered under the SEC's illegal and aggressive crypto enforcement regime.

Although the SEC has not yet officially announced it, if it is true as Consensys said, it is equivalent to the SEC recognizing that Ethereum is a commodity, not a security, just like Bitcoin, and means that Ethereum may not face legal troubles in the future.

Perhaps affected by the news that the SEC will end its investigation into Ethereum, the price of ETH rebounded stronger than Bitcoin today. Since 3 am, it has risen from around US$3,400 to US$3,585!