Wu said that he learned that according to Blockworks, the lawsuit filed by Consensys against the U.S. SEC and SEC Chairman Gary Gensler was dismissed by a Texas court. The judge said that the SEC's enforcement action was not a final decision, but only part of the investigation process, and did not formally decide whether Consensys had violated the law. At the same time, because the SEC announced earlier this summer that it would abandon its investigation into ETH, Consensys's allegations regarding ETH were dismissed. Earlier in April, Consensys filed a lawsuit against the SEC in a Texas court. The complaint accused the SEC of excessive regulation, stating that the SEC was trying to regulate ETH as a security and that the SEC was trying to seize power under the leadership of its chairman Gary Gensler. At the same time, Consensys said it received a notice from Wells indicating that the SEC intended to take enforcement action against it.