The US Securities and Exchange Commission (SEC) has concluded its investigation into Consensys, the company behind MetaMask and Ethereum 2.0, and has decided not to recommend enforcement action. This news has led to a surge in the price of Ether (ETH).
The SEC investigated Consensys and its involvement in Ethereum 2.0.
The investigation has been closed, and no enforcement action will be taken.
The SEC letters stated that they do not intend to recommend enforcement action against Consensys.
The news led to an increase in the price of Ether (ETH).
Consensys is a significant player in the Ethereum ecosystem, and this outcome may have implications for the broader cryptocurrency market.
This development suggests that the SEC has determined that Consensys and Ethereum 2.0 are not in violation of securities laws, which could have a positive impact on the cryptocurrency industry as a whole.
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