On June 19, 2024, the US Securities and Exchange Commission (SEC) closed its investigation into whether Ether (ETH) is a security. 🎉 Consensys lawyer Laura Brookover claims that the SEC did not voluntarily stop the investigation, but was forced to do so. However, the SEC has not yet confirmed this version.

Professor Carol Goforth emphasized that the approval of an Ether ETF does not guarantee that ETH is a commodity. She believes the SEC's discontinuation of the investigation is "a pretty good indication that the agency does not believe it can convince a court that ETH is a security."

Despite this "instant" victory, the war continues. The SEC is also looking at staking, a key element of the Ethereum ecosystem. The fight for clear regulation of cryptocurrencies in the United States continues.