According to Wu, an unnamed former SEC enforcement lawyer said that the SEC may decide to abandon the investigation because it believes that Ethereum is not a security or the risk of litigation is too great. He emphasized that closing the case does not necessarily mean that the SEC has decided that Ethereum is not a security, they may just decide not to take the risk of filing a lawsuit. In addition, the SEC may believe that ETH is issued as a security in some form. It is worth noting that the SEC earlier ended its investigation into Consensys' Ethereum 2.0.