Good news for the Ethereum community! ConsenSys announced that the U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0. This means that the SEC will not pursue charges that the ETH sales were securities transactions.

Prior to this announcement, ConsenSys sent a letter on June 7, urging the SEC to confirm that the recently approved Ethereum-based exchange-traded fund (ETF) (based on Ethereum (ETH) which is classified as a commodity) will lead to the end of the Ethereum 2.0 investigation.

However, the battle is not over yet. ConsenSys is also seeking a court declaration that providing the user interface software for MetaMask swaps and staking does not violate securities laws.

Meanwhile, shortly after ConsenSys announced that the SEC had closed its investigation into Ethereum, ETH saw a small rise, breaking through the $3,500 mark. According to CoinGecko data, as of this writing, ETH is trading at $3,553, up 3.0% in the past 24 hours.

This small increase indicates increased investor confidence and may ease recent concerns about possible violations of securities laws. What do you think about this? Come and discuss in the comments section! 😊

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