$ETH There is good news!
Ethereum survived.
The US Securities and Exchange Commission (SEC) requested that Ethereum be regulated as a security. This would jeopardize the United States' ability to use #ETH and similar blockchain technologies.
The lawsuit filed against the SEC has been concluded!
Statement made:
“Today, we are pleased to announce a major win for Ethereum developers, technology providers, and industry participants: The SEC's Enforcement Division notifies us that it has closed its investigation into Ethereum 2.0.
This means the SEC will not file charges alleging that ETH sales are securities transactions.
The decision follows a letter we sent on June 7 asking the SEC to confirm that the May ETH ETF approvals, based on the assumption that ETH is a commodity, mean the agency will close its Ethereum 2.0 investigation.
Closing the Ethereum investigation is crucial, but it is not a panacea for the many blockchain developers, technology providers, and industry participants harmed by the SEC's illegal and aggressive crypto enforcement regime.
Our struggle continues. Our lawsuit also seeks a declaration that the offering of the user interface software MetaMask Swaps and Staking does not violate securities laws. “There is no need for litigation to provide much-needed regulatory clarity to allow an industry that forms the backbone of countless new technologies and innovations to thrive – but here we are.”
It is predicted that the closure of this investigation will trigger the rise thanks to the trust in Ethereum and Ethereum-based altcoins (#Pepe , #Shiba ).
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