PANews reported on June 19 that Ethereum developer Consensys said on the X 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 Enforcement Division has notified us that it is ending its investigation into Ethereum 2.0. This means that the U.S. Securities and Exchange Commission (SEC) will not accuse the sale of Ethereum of securities trading. This decision was made after a letter we sent on June 7, in which we asked the SEC to confirm that the approval of the Ethereum ETF in May was based on the premise that Ethereum is a commodity, which means that the agency 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."
