BREAKING NEWS: SEC ENDED ETHEREUM INVESTIGATION

Consensys, one of the important developers of the Ethereum ecosystem, announced that the US Securities and Exchange Commission (SEC) completed its investigation into Ethereum without charging any fee.

This development is a significant relief for Ethereum developers and the cryptocurrency industry as a whole.

The closure of the investigation follows the recent approval of Ethereum spot ETFs by the SEC, solidifying Ethereum's classification as a commodity rather than a security.

Consensys actively opposed the SEC's review and highlighted the classification in a letter to the SEC last month.

While the SEC's notice contained boilerplate language that the shutdown would not absolve the parties involved of all wrongdoing, the decision is perceived as a win for Ethereum and the broader crypto community seeking regulatory clarity.

-Decrypt

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